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Reply u/s 139(9)

11 April 2019

How to reply notice u/s 139(9) if the turnover of the firm has been wrongly mentioned in the Audit Report and the return has also been filed with same turnover?
Payment in 26AS is higher than the total turnover mentioned in return.
Kindly suggest.

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9 Replies

CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 11 April 2019

First, how such thing happened?
Second, the future action will depend upon that how much difference there is in 26AS & Books and why?

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Harshit Srivastava (Tax Consultant) (26 Points)
Replied 11 April 2019

Sir,

Thanks for your reply.

Its a calculation mistake.

Total Payment received by an assessee is Rs. 61,17,857.00 which is reflecting in Form 26AS and in return of income the total payment has been shown is Rs. 58,47,612.00

So the difference is of Rs. 270245/-

CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 11 April 2019

1) Audit Report is also showing 58lakhs as Gross Receipt?
2) Which method you are following Cash or Mercantile?

VP MS (2 Points)
Replied 11 April 2019

Sir, you can file revised return U/s 139(5).

Harshit Srivastava (Tax Consultant) (26 Points)
Replied 11 April 2019

1) Yes

2) Mercantile System

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CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 11 April 2019

Tell me one more thing is your Bank tallied?

Harshit Srivastava (Tax Consultant) (26 Points)
Replied 12 April 2019

My bank is tallied with Form 26AS

CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 12 April 2019

If your Bank is tallied it means you have shown such difference of ₹270245 somewhere in your books of accounts, now what you can do is treat such amount as Advance Received and claim proportionate TDS in return of FY 2017-18 & balance in FY 2018-19 by booking such income in books. I think this will resolve your problem.

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