This discussion addresses an error encountered during Income Tax Return (ITR) submission, specifically concerning Schedule BP and the Profit & Loss (P&L) account. The error arises when receipts credited to the P&L account, considered under other income heads, exceed the total receipts shown in Schedule P&L. The advice provided is to adjust the value in Schedule BP to match the negative value reported in the P&L account to resolve this discrepancy.
08 September 2025
in schedule BP,A3, receipts credited to profit loss account considered under other heads of income cannot be greater than the total receipts offered in schedule P&L
please check the value entered in SI.NO. A3 of schedule bp
08 September 2025
receipts credited to profit loss account considered under other heads of income is 0. the total receipts offered in schedule P&L is negative value. kindly guide me