Comment on Notice under Section 139(9)? - Possible reason
commented on
13 Feb 2014, 02:08 PM
Suraj,
The thing to do now would be to file again, but this time with your proper P&L,and don’t choose the ” No account” option. You cannot get the books audited now, so you will get a demand. Once you have the demand, you can then contest at the assessing officer level, that you are not required to have your books audited as per the points mentioned by you under 44AB. But it depends on the demand you get, if it is a small one, I guess it will be best to pay it off, as this could be a lengthy process contesting with the local AO (Assessing officer).
Hope this helps.
Cheers,