ITR excel utilities error

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I used ITR.Helpdesk @ incometax.gov.in at least it didnt bounce back- but of course no reply. Anyway, action is what matters, repky doesnt.

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I used ITR.Helpdesk @ incometax.gov.in at least it didnt bounce back- but of course no reply. Anyway, action is what matters, repky doesnt.

Also, even Excel utility should be compatible with any excel providing platform, I mean even for open Source, eg Open Office. How come Government favors Properietary Microsoft Office- Licensed Version only? I never used MS Office, in fact rarely Windows. Complained on X, but I know it wont help.

Tdoay I also tried to calcualte tax.

Total Taxable Income is below 7 Lac under new regime. 

In 87A tax rebate field, it allows to insert vlaue upto Rs. 25,000

However, final tax computation does not change that means, it ignores rebate. 

is it so that if your taxable income is only on account of Capital Gain, no rebate is allowed?

Sleep man, file on line now ITR2 working ok and wait for  ITR 3, hope by Monday ITR3 will be available.

My wife's total inclome (3L normal+ 3.6L CapGain).  We tried online ITR2. Everything was ok but it showed  Rebate 87A as -500 (negative). Naturally validation complained it cant be less than zero. Went back, made it '0', confirmed and tried to re-validate. Same error. Came to know even after chnaging it to 0, while confirming it goes back to -500. Loged out, tried again. No luck.

Any suggestion, please?

Whether capital gain is from equity based i.e u/s. 112A IT act?

Yes, u/s 112A.  Other Sources (Normal rate) Rs. 277000 CG: 358000.

Your capital gain u/s. 112A is required to be declared under Schedule 112A..

It will be taxable (net 3.58-1.25 = 2.33L- 0.33) @ 12.5% or 12% based on date of sell

You need to check the data entered correctly...

There will not be rebate as the other income is below 3L.

Thanks a lot. Yes, I calculated (entered values in ITR2- it calculates automatically), tax in 112A, paid taxes. I am not worried about Rebate. But automatically that row is filled by "-500" even after correction. Just after correction, when I confirm- it goes back to -500. Hence the validation error. How to get rid of that- thats the puzzle.

Fill 112A  properly two options one with FMV 20% or 12.5% , once filled properly total  LTCG  is available. In schedule CG quaterly gain to be filled , no negetive amount is allowed.confirm bfla sheet.

Yes, did all that, paid the resulting Tax. Then this negative 87A rebate, which doesnt go even if changed to zero time and again. Stuck there!

It needs to be personally verified.

Or file complaint under Greivance with screenshot, to get it resolved from the software engineers.

TRY TO RESTART FILLING AGAIN, YOU MIGHT HAVE DONE SO MISTAKE
AS per old or new regime  tax is zero IF YOU BELOW 60 AGE OR ABOVE 60 AGE
INCOME FROM OTHER sources  277000 in old regime you get 80TTA 10000 UNDER 60 AGE AND 80 TTB 50000 ABOVE 60 AGE 
fill this properly Long Term Capital Gains (Charged to tax @ 12.5%-Covered u/s 112A) Total
 358000
(please provide income details here if date of transfer is on or after 23-07-2024 as applicable) for AY25-26 only
Long Term Capital Gains u/s 112A(Charged to tax @ 10%) Total
calculate WITH FMV
(please provide income details here if date of transfer is before 23-07-2024 as applicable)
vii Long Term Capital Gain 10%  OR viii Long Term Capital Gain
12.50%
CHECK AMOUNT FILL SAME IN F Information about accrual/receipt of capital gain F6 OR F7
 
 

ITR3 ON LINE FILLING ERROR  (TYPE OF ACCOUNT)

CLICKING ON ERROR NO TAKING MR TO SCHEDULE, EVEN DOES NOT SAY IN ERROR IN WHICH SHEDULE 

ONLY THERE TYPE OF ACCONT WORD  IS IN GENERAL SHEDULE IN BANK ACCOUNTS 

I FILLED ONCE AGAIN I STARTED NEW FILLING, BUT SAME ERROR

NEW OFFLINE ITR 3 UTILITY WORKING GOOD 

SEE SCREEN SHOT

ONE MORE ERROR IN ITR 3 EI SCHEDULE 

 

NATURE OF INCOME  OTHER 

DESCRIPTION PPF INTREST 

AMOUNT XXXXXX

SHOWING ERROR IN SCREEN SHOT  THIS ERROR APPEARED IN TWO ITR3 BUT IN ONE ACCEPTED BUT GAVE ERROR OF (TYPE OF ACCOUNT)

IF I  MAKE ZERO THEN NO ERROR


CCI Pro

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