Dear All,
I have filed the return for my client which is registered under 12A of the the Income Tax Act, after filling the same, following discrepencies were communicate by department:
Your Income Tax return ITR-7 uploaded for AAETS1945C and AY 2018-19 has the following defect(s)
| S.No. | Defect | Impact | Suggested Resolution |
|---|---|---|---|
| 1 | Exemption in Sr. No. 4(i) to 4(viii) in Part BTI should be allowed only for 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) &. 12A/12AA cases. | Exemption in Sr. No. 4(i) to 4(viii) in Part BTI may be disallowed for other than 10(23C)(iv)/10(23C) (v)/10(23C)(vi)/10(23C)(via) &. 12A/12AA cases. | Exemptions as prescribed in SI.No. 4(i) to 4(viii) of Part BTI is applicable only for 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) &. 12A/12AA cases. Remaining assessee should not fill at the Sl.no 4(i) to 4(viii) of Part BTI. You may consider for revising the return with the suitable change. |
| 2 | Assessee is not registered under section 12/12AA or 10(23C)(iv)/10(23C)(v)/ 10(23C)(vi)/10(23C)(via) but filling amounts in sr.no 1 to 7 in Part BTI | Amounts in sr.no 1 to 7 in Part BTI can not be filled by the assesse who is not registered under section 12/12AA or 10(23C)(iv)/10(23C)(v)/10(23C)(vi)/10(23C)(via) | Fill amount in sr.no 1 to 7 in Part BTI if registration is obtained under section 12/12AA or 10(23C)(iv)/10(23C)(v)/10(23C)(vi)/10(23C)(via) Remaining assessee should not fill at the Sl.no 1 to 7 of Part BTI. You may consider for revising the return with the suitable change. |
Request you views on above on how to rectify these
Thanx
CAclubindia
