Notice under Section 139(9) error code 86 |
I have received a notice from IT saying "As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business code mentioned is 00301 General Commission Agents, which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in your case.
As the provisions of Section 44AD are not applicable, in your case, the claim of computing profits and gains of business on presumptive basis, under this special provision is not allowable. Hence, the above defect has to be corrected by way of computing the profits and gains of business under the normal provisions and not under Sec.44AD and offering the same."
I do work for a private company where I get the salary 1,20,000/-p.a ( Worked for 6 months in this company in the FY Apr-17-Sep-17). But I also work as the commission agent for the same company and got deducted TDS for the amount of Rs.45,000/- where I got the income nearly 4,50,000/. After that I have joined in other company for Rs.4,00,00/- p.a. (oct17-Mar18). So I had shown my gross income as 4,17,834/- and deductions as 1,11,600/-
How to reply to the notice, please help. I want to get the refund.
Regards,
Pradeep