I received an intimation u/s 143 (1)(a) for an arithmetic error in schedule BP via mail on 31.12.2019.
1)In schedule BP ,SI No.A.13 Profit or loss after adjustment for depreciation (10+11-12iii) and the sum of amount entered in SI.No.10+11-12iii are inconsistent.
2) In schedule BP, SI No.A.35 Income (13+26-34) and the sum of amount entered in SI.No.A13+A26-A34 are inconsistent.
HOWEVER i checked the values in the return and there is perfect match.
there is no arithmetic error.
I prepare the return using excel utility where all items in schedule BP were calculated automatically.
what is the reason for such intimation? ?
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Arithmetical Error in BP u/s 143 (1)(a)
Replies (5)
I also have same question
I think is this in reference to Speculation loss / profit. ??
But there is no speculation loss /profit.There is normal business income.
i have recieve the same intimation inrespect of business loss from F& O transactions, all figures ARE correctly placed but still shows inconsistancy in the intimation
I have same question , i have f&o profit, all calculation are correct but same notice from cpc
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