ITR 3 filing error

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A user encountered an error while validating their ITR 3 return, specifically when declaring presumptive income under section 44ADA and short-term capital gains under section 111A. The error message indicated an issue with gross receipts not being mentioned in the profit and loss account or profit being less than 50% of gross receipts. After trying multiple times, the issue was resolved by declaring the income under section 44AD instead of 44ADA, which allowed the return to validate without errors. The user confirmed that this classification was appropriate for their freelancing educational services.

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 Dear Sir,
Could you please help me to resolve the error which pop up while validating the ITR 3 in which i am declaring the presumptive income u/s 44ADA and short term capital gain u/s 111A.
the error message popped up was

"Income under business and profession is claimed but gross receipts are not mentioned in profit and loss account. OR Profit shown is less than 50% of gross receipts but details of maintenance of the books of accounts and audit report u/s 44AB in Part A-General are not filled up."
I have shown gross receipts in presumptive income section 61 onwards and shown income more than 50%.
Any one has any idea. Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 What amount is appearing in column 62i & 62ii of Schedule P & L?

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 62i-Rs.nine lakh 75 thousand
62ii-Rs.4,90,000

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 Hope there is no data included in Sr. no. 61

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 what data should be added?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 No data to be added there. As there is error I had to enquire.
"" Income under business and profession is claimed but gross receipts are not mentioned in profit and loss account. OR Profit shown is less than 50% of gross receipts ....."
This part has been correct........... so why this massage?
Retry filling ITR.......

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 i retried several times.. everytime same error message is popping up

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 sir now it got resolved. i dont know how.. now i showed the income under 44ad instead of 44ada. then it got validated without any error.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 But whether sec, 44AD is applicable to you? It is not an alternative for Sec. 44AD ...

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 yeah it is .. because its freelancing educational services ,like teaching of artworks,crafts, so it can be shown as business income too right. i choose the "other educational services " option as the business category

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 Seems all right......

Antony Emmanuel k

Antony Emmanuel k (Querist)

25 July 2024 yeah.. thank you sir for the response..

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 July 2024 You are welcome.

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