Dividend Error in ITR 3
This query is : Resolved
26 July 2024
Geting this error in filing ITR
In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than
the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in
schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP." while validation of ITR-3.
The solution which i came across so far says that " OPEN THE PART-A PROFIT AND LOSS ACCOUNT AND EDIT
14(iii) AND write the DIVIDEND amount in and save the data.Second Open the Schedule BP and Click 3
and click edit and enter the Dividend amount here also save the data. Third Same amount in Schedule OTHER INCOMES. "
This sounds fair but what happens in case where a person does not maintain a P/L account and has chosen to report
presumptive income.. Why should that person at all be entering anything in " PART-A PROFIT AND LOSS ACCOUNT " ?
In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than
the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in
schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP." while validation of ITR-3.
The solution which i came across so far says that " OPEN THE PART-A PROFIT AND LOSS ACCOUNT AND EDIT
14(iii) AND write the DIVIDEND amount in and save the data.Second Open the Schedule BP and Click 3
and click edit and enter the Dividend amount here also save the data. Third Same amount in Schedule OTHER INCOMES. "
This sounds fair but what happens in case where a person does not maintain a P/L account and has chosen to report
presumptive income.. Why should that person at all be entering anything in " PART-A PROFIT AND LOSS ACCOUNT " ?
26 July 2024
Actually this defect is not appearing if you have clearly ticked the same in schedule General. Along with income declared only under sec. 44AD/44ADA..... etc.
Otherwise this is the only option, (as stated above).
Otherwise this is the only option, (as stated above).
26 July 2024
Well does not seem to be like an answer because ... this error is actually appearing.. contradictory to what you said that this error is not appearing... Some known person confirmed on other forum that they raised a grievance and IT deptt replied that if you are under presumptive income you can go ahead and submit the return ... any other expert view from you or anyone else is more than welcome
27 July 2024
As of now no other option...
OPEN THE PART-A PROFIT AND LOSS ACCOUNT AND EDIT 14(iii) AND write the DIVIDEND amount in and save the data.
Second Open the Schedule BP and Click 3 and click edit and enter the Dividend amount here also save the data.
Third Same amount in Schedule OTHER INCOMES.
Try if it works for you !!
OPEN THE PART-A PROFIT AND LOSS ACCOUNT AND EDIT 14(iii) AND write the DIVIDEND amount in and save the data.
Second Open the Schedule BP and Click 3 and click edit and enter the Dividend amount here also save the data.
Third Same amount in Schedule OTHER INCOMES.
Try if it works for you !!
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