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

Hi Nitin,

Thank for your valuable information you are providing.

I filled up ITR4 for Intraday cash only (no FNO) and made entries only in

51a- Gross Reciepts, -(here I put total of loss+profit trade wise)
51b- Gross Profit -(here I put -ve value for loss),
51c- Expenses -left Blank (as Intraday cash no business expenses allowed).
51d -Net Profit – auto calculated as loss

In schedule BP – I mention -ve value in A-1 and A-2i fields.

Now I have got 139(9) notice with

error code 14 ( saying -ve entry in 51b gross profit and asking to fill up all of 51a to d) and
error code 23 (saying “Where assessee furnish total of amount deducted in Sl.no.2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Slno.5)

Please help.

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