Validating ITR2

Others 2884 views 7 replies

What does the following error message mean while validating and verifying the draft ITR?

"Dividend income must be equal to 1a(i) of Schedule OS -DTAA of Dividend - System calculated value of Interest expenditure u/s 57(1) of Schedule OS. (file attached)

How should I correct the mistake, if any?


Attached File : 3542597 20211117221915 validation.pdf downloaded: 56 times
Replies (7)

Could you please clearly explain the error?

Check dividend income in schedule OS

This is precisely my problem. This is the error message I got. I do not know how to inerpret it.

I have checked dividend income.  Another error message shows that the dividend income (from mutual fund) and the corresponding TDS for the FY  2020-21 reported pertain to the year FY 2019 (which is not correct). 

Same issue here.

"Dividend income must be equal to 1a(i) of Schedule OS -DTAA of Dividend - System calculated value of Interest expenditure u/s 57(1) of Schedule OS.

Read more at: https://www.caclubindia.com/forum/details.asp?mod_id=583213

there is no dividend that is covered under DTAA --- still getting this error. Have mentioned break up of dividend as well.

I had same issue while filing this and found below article which helped me. Please check if that works for you

https://financetecho.com/new-itr-rules-for-reporting-dividend-income.H T M L

Validation error while filing ITR Form

While validating ITR form users may get validation error for dividend income that Dividend Income must be equal to 1a(i) of Schedule OS-DTAA of dividend-System calculated value of interest expenditure u/s 57(1) of Schedule OS.

The above validation error can be rectified by providing information about accrual receipt of dividend under point 10 of Schedule Other Sources (Income from other sources).

To rectify the error, income tax filer should bifurcate the dividend amount and disclose the amount of dividend received in each quarter of the financial year, then ITR tool will not show the validation error.

Thank you. Yes, it works.  I face another problem. My capital gain is negative for one quarter. How do I report capital loss? Online reporting does not permit negative numbers. Kindly suggest options. Thank you in advance.


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