Itr 3 issue

gud day everyone,

iam facing issue in filing itr3.  I NEED TO FILE LIFE INSURANCE INCME.  iam providing the details of GROSS RECEIPTS , gross profit and expenses, it shows the net profit from the business  as an aggregate of GROSS RECEIPTS + NET PROFIT. SO the business income is overstated due to this tech issue.

 How do i proceed with and file in ITR3.  PLS refer the attached file.

 

Kindly provide with possible solutiontnx.


Attached File : 3321887 20211122154342 error in itr3 form.pdf downloaded: 74 times
Replies (5)
Quick Summary
A user is experiencing an issue when filing their ITR 3, specifically when trying to report income from life insurance commission. The system appears to be incorrectly aggregating gross receipts and net profit, leading to an overstated business income. They are seeking guidance on how to accurately input the figures and resolve this technical problem.

Is it commission income or maturity proceeds?

its purely LIC COMMISSION SIR

You do not add gross profit.

Just fill gross receipts & expenses correctly.

thats what iam doing sir. if i , fill the  gross receipts, expenses,it shows the net profit from the business  as an aggregate of GROSS RECEIPTS + NET PROFIT. SO the business income is overstated 

 

 gd day sir, tnx for the reply  n let me try and revert back.  tnx

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