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Error Code 27:Assessee is claiming income U/S 44AD at 8% of the Gross Receipts which exceeds the limit as prescribed under section 44AD

QuestionsCategory: Income TaxError Code 27:Assessee is claiming income U/S 44AD at 8% of the Gross Receipts which exceeds the limit as prescribed under section 44AD
Pihu Sharma Staff asked 2 years ago

Error Code 27:Assessee is claiming income U/S 44AD at 8% of the Gross Receipts which exceeds the limit as prescribed under section 44AD

1 Answers
Neysa Gupta Staff answered 2 years ago

Description:For assesses claiming income chargeable under section 44AD the total gross receipts should be less than Rs.60 lakhs. Assessee has to provide correct information about gross receipt and presumptive income U/s 44AD Assessee is required to fill relevant ITR form in the new xml which will be filed in response to this communication.