Regarding defective return

ITR 171 views 4 replies

bhavesh

article

131 Points Joined August 2013

I have filed ITR of a doctor for A.Y. 17-18. His income are as follows:

Income from salary 786000
House property Interest deduction -200000
REMUNERATION & INTEREST FROM PARTNERSHIP FIRM( Pathology Lab) 670091
RECEIPTS FROM MEDICAL CONSULTANCY 1682490 (as shown in 26AS) on which i offered the income of 51% (i.e 858070) u/s 44ADA

Now I received notice u/s 139 that I have to upload the Balance sheet & p& l as per Sec 44AA now I just want to know why should I upload it if I claim 44ADA which itself propound not to maintain books of accounts if u opt this section.

And even if I made his P & L then whether I have to include the remuneration in P & L (in gross receipts) or not????

Thanks in advance

Replies (4)

Rahul Prasad

CA Student

1683 Points Joined September 2012

you opted 44ADA it is for income from profession. your income statement is inclusive of all since you are also showing salary, loss from HP , partner remuneration . it all inclusive can not be called profession.

Miss Mansi Bhojani

Practicing Chartered Accountant

1736 Points Joined August 2012

As you are showing even salary and house property you have to upload the balance sheet and profit and loss statement. Response to section 139(9) needs to be filed within 15 days from the date of receipt of notice