INCOME WAS MENTIONED IN THE SR NO 64 OF ITR AY 2020-21 IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year
NOW I HAVE RECEIVED A NOTIVE UNDER SECTION 139(9) SAYING
Taxpayer is offering Income under the head Profits and gains from Business or Profession. Hence, as per the provisions of Sec.44AA, the taxpayer is required to maintain books of accounts. However, as seen from the return, the taxpayer has not filled up Part A of the Profit and Loss Account and Balance Sheet. Further, income from business has not been offered under presumptive taxation, if eligible.
What should i do now
CAclubindia
