Taxable Renumeration received from a partnership firm
This query is : Resolved
16 November 2022
I have received an intimation U/s 143(1)(a) for the proposed adjustments as below :
There is inconsistency in amount mentioned in return at Sl. No. 5(a) of Part A OI "The items falling within the scope of section " as compared to amount mentioned in clause 16 (a) of audit report
Facts of the adjustment:
In Form 3CB-3CD i have declared the renumeration recevied from a partnership firm Under Clause 16(a) -The items falling within the scope of section 28;
However, in IT return have disclosed the same under point No.24 of schedule BP and not in Point 5(a) of Part OI-The items falling within the scope of section
Please advise the correct head of reporting the aforsaid income in Form 3CB-3CD and in IT return.
There is inconsistency in amount mentioned in return at Sl. No. 5(a) of Part A OI "The items falling within the scope of section " as compared to amount mentioned in clause 16 (a) of audit report
Facts of the adjustment:
In Form 3CB-3CD i have declared the renumeration recevied from a partnership firm Under Clause 16(a) -The items falling within the scope of section 28;
However, in IT return have disclosed the same under point No.24 of schedule BP and not in Point 5(a) of Part OI-The items falling within the scope of section
Please advise the correct head of reporting the aforsaid income in Form 3CB-3CD and in IT return.
17 November 2022
Reported in 3CB- 3CD is okay.
In ITR reporting in Point 5(a) of Part OI-The items falling within the scope of section is the right one.
In ITR reporting in Point 5(a) of Part OI-The items falling within the scope of section is the right one.
18 November 2022
Thank you Sir. How to reply for the afforsaid proposed adjustment in the intimation order received?
18 November 2022
Reply as disclosed the same under point No.24 of schedule BP.
File revised ITR.
File revised ITR.
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