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Itr 4 defective return notice under sec139 (9) with error code 31
My friend is a professional, so he has been filing ITR-4 form for the last few years. His professional income is less than Rs 2.5 Lakhs after deducting tds under sec 194 j and hence it is not required to audit his accounts. There is no necessity for him to provide full details of Balance sheet in ITR. He choose the option no for sec 44A & 44AB . But in this year income tax dept return the ITR with defect under sec 139 ( 9 ). What is the solution of this defect.
Replies (1)
Kindly refer to sec 44 AA which says that if gross receipts from specified profession is more than Rs. 150000 he is required to maintain books of accounts u/s 44AA or in case of non specified profession if his income from profession exceeds Rs. 120000 or gross receipts from such profession or gross receipts exceeds Rs. 1000000 then he is required to maintain books of accounts(that may enable A.O to compute his professional income).
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