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ITR 3
When the total income exceeds 50 Lakhs, if details in schedule AL is not entered, what are the consequences? What is the solution to this? Do we have to revise the returns?
Replies (1)
If your total income exceeds 50 Lakhs then you should fill some figure in AL sheet otherwise return will be treated defective.
You can mention cash balance and capital balance to resolve the.
Yes need to file a revised return.
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