17 September 2021
Error Discription If Assessee is not liable to maintain accounts as per section 44AA, then clause 6 of Balance sheet and clause 61 to 65 of profit and loss account cannot be blank i.e 64 and at least one of 61, 62, 63, 65 to be filled .
HOW TO DEAL WITH THIS ERROR? MY CLIENT IS PARTNER IN FIRM. WHICH DETAILS NEED TO BE FILLED FOR THE SAME?
17 September 2021
For declaration of remunerations from partnership firm, you need to select code '00001' i.e. share of income from Firm Only' under Schedule 'Nature of Business' The details about the remuneration should be filled in column 24 of 'Schedule BP'
17 September 2021
The remunerations from firm like salary, interest, commission etc. should be filled in column 24 of 'Schedule BP' & not in Schedule 'Profit & Loss'
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