Error in itr3 filling-
This query is : Resolved
31 May 2019
This is the error
Defect:- Total Value of "Total Revenue from operations" and "Gross receipts"in P & L should be greater than or Equal to income u/s 44ADA in Schedule BP
Impact Income Tax Return may be treated as defective if assesse shows income under presumtive scheme basis without filing gross receipts or total sales fields in profit and loss account
Suggested resolution Please ensure that "Total Revenue from operations" and "Gross receipts" in P & L should be greater than or Equal to sum of income u/s 44ADA in Schedule BP
Have entered in P&L under sec 44ADA---Gross receipts -Rs 420937 and premuptive income u/s 44ADA as 399000. In schedule BP amounts are autopopulated.
Dont understand the error and resolution . Pls help
Defect:- Total Value of "Total Revenue from operations" and "Gross receipts"in P & L should be greater than or Equal to income u/s 44ADA in Schedule BP
Impact Income Tax Return may be treated as defective if assesse shows income under presumtive scheme basis without filing gross receipts or total sales fields in profit and loss account
Suggested resolution Please ensure that "Total Revenue from operations" and "Gross receipts" in P & L should be greater than or Equal to sum of income u/s 44ADA in Schedule BP
Have entered in P&L under sec 44ADA---Gross receipts -Rs 420937 and premuptive income u/s 44ADA as 399000. In schedule BP amounts are autopopulated.
Dont understand the error and resolution . Pls help
01 June 2019
have you filled line item 62 in the sheet "Profit and Loss"?
OR you have also entered in line item 62 as well as line item 64 (ii)?
OR you have also entered in line item 62 as well as line item 64 (ii)?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
