ITR-3 notice for AY 2019-20

rishabhsharma (Article Assistant) (140 Points)

09 October 2019  

Hello All,

we have received notice u/s 143(1)(a).

opening Stock of finished goods= 38970 shown in trading account.

Closing stock of finished goods= 34510 shown in trading account.

PBIT= 650637.

As per notice, deptt. is calculating PBIT of Rs. 655097.

Variance between PBIT= 4460. 

4460 is also the difference between op stock and closing stock as shown in trading account.

can someone please explain the reason behind notice.

 

Thank you.