Notice for Defective Return U/S.139(9)
I am a computer professional mainly dealing in IT enabled services(Code:-709), Software development (Code"-0711) and Face book advertising contractor (code:- 0505).. under single proprietary concern.I have filed return form 3 and claimed some of my receipts as Professional receipts u/s.44ADA. However since I am not maintaing regular accounts, I have preferred Part B of P& L section and shown Gross receipts from all sections of my business. Thus Profit shown u/s. 44ADA is natuarally below 50% . Now I have received notice as under
" The profit shown u/s 44ADA is less than 50% of gross receipt" The possible solution given by the dept. is (a) Either show profits @ more than 50% of gross receipts as shown in the Return or File Audited accounts.
Now my Query is that I have filled up codes, 709, 711 and 505 in my return, which are possibly not covered u/s 44ADA. Therefore can I file the same return removing profits from section 44ADA as shown in BP section and take chance to consider it as a normal return ?