Arithmetical Error in BP u/s 143(1)(a), but no error visible

ITR 1395 views 11 replies

Harsh

Workin

25 Points Joined December 2019

I received an intimation u/s 143(1)(a) for an arithmetic error in Schedule BP.

For example: BP, Sl.No.D. Income chargeable under the head Profits and gains from Business or Profession (A.38+B.43+C.49) and the sum of amount entered in Sl.No.A.38+B.43+C.49. are inconsistent

However, I checked the values in the return and there is a perfect match. No arithmetic errors.

I prepare the return using Excel Utility where all items in Schedule BP were calculated automatically. So, I don't understand how arithmetic errors can happen.

What is the reason for giving this intimation? What should I do?

Replies (11)

Kapadia Pravin

17264 Points Joined December 2018

Is this in respect of Speculation loss ?

Harsh

Workin

25 Points Joined December 2019

Yes, this is in respect of speculative loss. Loss was incurred in trading Stock Options.

Kapadia Pravin

17264 Points Joined December 2018

These type of notice are issued by CPC due to technical software error.

CBDT has announced this and new intimation Will be going to be issued.

Ignore this notice. Okay

Following type of emails are being sent by CPC ....
-------
Dear Taxpayer,

Please refer to the intimation issued vide Document Identification Number. CPC/1920/G22/194382XXXX dated 19-OCT-19 PAN------------------- AY 2019-20 wherein intimation u/s 143(1)(a) has been incorrectly sent due to certain technical issues. We request you to ignore the said intimation and await for further communication in this regard.

Harsh

Workin

25 Points Joined December 2019

Thank you Sir for the clarification. I will wait for the clarification from IT Department.

Jyoti

Assistant audit manager

57 Points Joined May 2013

Even I have got same intimation, so what we should do ? revise return or 3rd option decline it. I do not see any issue in my calculation as its already taken care by java utility.

Ankit

Consultant

27 Points Joined February 2020

Hi,

I have also received the notice on arithmetic error. Can anyone please advise how can this be resolved? Thank you for the help.

In schedule BP, Sl.No.D. Income
chargeable under the head Profits and
gains from Business or Profession
(A.38+B.43+C.49) and the sum of amount
entered in Sl.No.A.38+B.43+C.49. are
inconsistent

In schedule BP, Sl.No.A.37. Net profit or
loss from business or profession other
than speculative and specified business
(35 + 36viii) and the sum of amount
entered in Sl.No.A.35 + A.36 viii are
inconsistent

In schedule BP, Sl.No.A.35. Income
(13+26-34) and the sum of amount
entered in Sl.No.A.13+A.26-A.34. are
inconsistent

In schedule BP, Sl.No.A.13.Profit or loss
after adjustment for depreciation
(10+11-12iii) and the sum of amount
entered in Sl.No.10+11-12iii. Are
inconsistent