Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 18 Oct 2017, 12:19 PM

hmm.. I guess you have to explain to the ITO that you didn’t know that it has to be shown as business income. Also since you haven’t evaded any taxes (since you are in a loss), that you can revise the return. But yeah, best to consult the CA.

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