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Error in ITR3 - OS sheet.

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Manoj Punjabi

Accountant

269 Points Posted on 03 September 2025

Hello everyone, Please Guide me on this:

Options turnover is 7 lacs

Options Loss in 4 lacs.

From above information, I am not liable for any Audit.

Filled up ITR3 properly, in Audit info sheet (under General info) selected No for all audit questions.

But while validation I get error for Part A (Other informations sheet) – asking to provide information about raw material (cost or market value) etc. - form is not getting validated without filling it.

My query is that Part A (other information) is required to be filled up if person in under audit, I am not under audit, so why this error appears, how to solve this?

(Note I tried to remove this sheet be deselecting it from add new sheets option, but then too this error persist, tried several times)

Replies (5)

Quick Summary

This discussion addresses a common ITR3 validation error where the 'Other Information' (OS) sheet requires details like raw materials, even when the taxpayer is not liable for an audit under Section 44AB. The user correctly selected 'No' for audit requirements but encountered the error. The solution involves correctly answering the question about maintaining books of accounts under Section 44AA. If you are trading options, you are generally required to maintain books, and selecting 'Yes' to this question, then filling the OS sheet with 'At Cost' for relevant items, resolves the validation error and allows for successful JSON generation and upload.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 04 September 2025

Check if you have selected yes to 'whether you are required to maintain books of accounts?'

Manoj Punjabi

Accountant

269 Points Posted on 04 September 2025

Yes, Selected "yes" in you are required to maintain books of accounts.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 04 September 2025

So, select 'No' to remove the defect.... Note: there is difference in audit trial & maintaing books...

Manoj Punjabi

Accountant

269 Points Posted on 05 September 2025

Thank you Dhirajlal ji for your guidance, but I am little confused.
As Normally I select this every year as YES (maintaining books under section 44AA).
As I file ITR3 due to options trading, to my understanding till now, maintaining books is mandatory for options trader.

Secondly, about current problem, if I am filling up the PART A OI sheet, by filling Raw Material & Finished Goods column by selcting reply "At Cost", then form gets validated without error & json generates.

Confused, as "are you aliable for Audit u 44AB" is selected as NO, (OI sheet is mandatory for cases liable for audit under 44AB), but here OI sheet error appears at time of Validation in my no audit case, after filling this OI sheet by clicking link in error descripttion, form gets validated without error.

Shall I upload this Json.