Error while filing ITR 3 Dividend income

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This discussion addresses a common error encountered when filing ITR 3, specifically concerning dividend income and intraday losses. The error message prompts users to ensure consistency between dividend income reported in the Profit & Loss (P&L) account and the Other Sources (OS) schedule, especially if books of accounts are required. The provided solution suggests that if intraday losses are declared in Schedule P&L and dividend income in Schedule IFOS, the alert message can often be ignored.

K.G.Shah

K.G.Shah (Querist)

30 August 2025 Mr X Is having Intraday loss of 30000 and Dividend income is 150000. Loss shown in P&L account where books of a/cs not required to maintain and dividend shown in schedule Other Sources.
While submitting return following error occured if you required to prepare /maintain Books of a/c and dividend income reported in P&L please ensure consistency of amt of dividend income reduced in Sch BP. and dividend income reported in Sch OS . Please ignore if not applicable.
Please provide solution.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

31 August 2025 If you have declared the loss from intraday activity in tab 65 of Schedule P&L AND dividend in Tab (1ai) of schedule IFOS..... ignore the alert massage....

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

21 September 2025 Good luck....

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