....I m getting income under 194J , as a technical consultalnt in a textile fabric msnufacturing firm. I had filed my ITR of AY 2017-18 via ITR 4S PRRSUMPTIVE BUSDINESS AND PROFESSION RETURN.( last year 2016 -17 i had filed ITR 4 and i got refund without any query) but now i have got notice for defective itr , reason is written as below ----- error code 89 -- stating that the provision of section 44ADA is not applicable you.The nature of bussiness code in sch NOB is not profession( i had used code 0703 - technical consultancy ) and income disclosed under 44ADA is more than zero hence section 44ADA is not applcable to you. In other column of possible resolution follwing is written " The provisions of Section 44ADA is applicable only toProfessionals with nature of business codes of 601 to 607. Taxpayer is requested to furnish correct Return Form type,i.e.ITR- 3 or ITR- 5 as applicable. If the Income has been disclosed under incorrectSection, the correct Section ofthe Schedule BP may be filled. If the Nature of Business code entered in the Return filed is not correct, the correct nature of business Code may be entered in the Sch NOB and the Corrected Return may be filed." So what ishould do now ?? Pl guide. SATYAVIR SHARMA 9413347311
Jan. 03, 2018
