MY CLIENT HAS AN ORDINARY BUSINESS INCOME FROM TRADING OF PLYWOOD.
HE IS ALSO ENGAGED IN SPECULATION TRANSACTIONS AND HAS INCURRED SPECULATION LOSS.
WHILE FILING ITR 4 I HAD SHOWN SALE & PURCHASES RELATED TO ORDINARY BUSINESS AND IN SPECULATION BUSINESS I HAVE JUST ENTERED THE AMOUNT OF LOSS WITHOUT SHOWING SALE AND PURCHASE OF SPECULATION TRANSACTIONS AS THE AMOUNT FOR SALE & PURCHASE WERE ENTERED FOR ORDINARY BUSINESS. THE PROBLEM IS WHILE FILING THE RETURN AN ERROR OCCURS WHICH IS AS FOLLOWS: "THE AMOUNT AT PT1 OF SCH BP IS DIFFERENT WITH THE TOTAL OF [45 + 53D] OF SCH P & L.
KINDLY HELP IN RESOLVING THE ABOVE QUERY. THANKS.
CAclubindia
