Defective Return, Income Tax

[rajul begani]

Experts,

Pls advice me in the following matter.

In my return for AY 13-14 I have shown losses from F & O transaction as business loss amounting to3,30,000.00. My income from other sources is3,45,000.00.

Now I have received a notice of defective return for the above. The base being

1) Assesee entering negative amt. in Gross profit or net Profit ( no account case)

I just filled up the exp as3,30,000.00 leaving other details such as gross receipts n gross profit blank.

2) another error is where assesee furnish total amount deducted in Sl.2,3,4,and 5 of schedule BP should be consistent with total credits in the P and L Sl.no. 5

I have not entered any amt except the loss which is automatically carried to the schedule BP point no.1

Sir , please advice me to deal the following situation .Should I fill other ITR or use ITR 4 again.

If ITR 4 is to be used where to show the amts.?

Thanks in advance.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.