INCOME RETURN ISSUE

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This discussion addresses an issue where the income chargeable to tax at special rates (Sl. No. 11, Part B-TI) doesn't match the sum of incomes taxed at special rates in Schedule SI. For AY 2021-22, this appears to be a technical glitch causing improper auto-filling. While the final data in Sr. 11 may correct itself, it's important to be aware of potential discrepancies and how to respond to adjustment notices if the calculation is incorrect.

SHIV KUMAR JHA

SHIV KUMAR JHA (Querist)
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24 September 2021 n Schedule part B TI, Sl. No. 11 ' Income chargeable to tax at special rate under section 111A, 112, 112A etc. included in 10' is not equal to sum of the incomes taxed at special rates in Schedule SI.Hence amount at Sl. No. 11 of PartB-TI is recomputed by adopting the amount mentioned in schedule SI.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2021 If it pertains to AY 2021-22; Its technical glitch, newly cropped up. The auto filling is not proper. But as in your case final data in Sr. 11 gets rectified; the return would be validated.

SHIV KUMAR JHA

SHIV KUMAR JHA (Querist)
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24 September 2021 Sir, This notice to A.Y. 2020 -21

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2021 Did you get any defective notice?

SHIV KUMAR JHA

SHIV KUMAR JHA (Querist)
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24 September 2021 Sir, sr. no. 11 auto reflect from LTCG but tax calculate in Schedule SI Taxable Income after adjusting for Min Chargeable to Tax*

Sir, Adjustment notice 143 (1)(a)(ii)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2021 If you fill the adjustment is not as per law, you may disagree.

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