DTAA DIVIDEND CALCULATION for A.Y. 2021-22

This query is : Resolved

LIMPA CHAKRABORTY (Querist)
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18 July 2021 Received dividend from 1) HDFC MUTUAL FUND Rs.299011.14 and Tax deducted Rs.23671/- u/s 194K, and 2) HDFC MUTUAL FUND DIVIDEND Rs.149506.67 and Tax deducted Rs.11213/- u/s 194K. So, Total dividend received Rs.448517.81 and from total dividend 20% deducted = 89703/-. Rest Rs.358815/- entered in QLY breakup as 15/6=79736+15/9=117617+15/12= 41856+15/3=119606. But at the time of verification of ITR-2, errors message comes as 1a- dtaa dividend-system calculated value is not equal to value at 3(ii). Since I do not know about dtaa dividend value calculation for the above errors, you are requested to kindly help me to over come the default and be able to submit the ITR. With regards, Narad Muni Mishra

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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18 July 2021 Kindly help and send your valuable direction as well as your calculation for the matter asked for today (18/07/2021). Excuse me for trouble caused.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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18 July 2021 kindly consider my prayer so that I may able to upload itr-2 in proper way.

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LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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20 July 2021 Kindly see my calculation on the basis query raised on 18/07/2021. Total dividend received 448517.81. Less 20%= 89703/- = Rest 358815/- to be entered in QLY break up? Kindly help me by this time. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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20 July 2021 Kindly consider my request asked today.

Deepa B

Deepa B (Expert)
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20 July 2021 While entering dividend income details gross receipt amount (i.e., 448517.81) has to be entered. But I believe you are entering Rs.358815/- which is after considering the tax deducted-Rs.89703. So kindly rectify accordingly and check.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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27 July 2021 As per your valued advised on 20/07/2021 for rectification – after rectification as stated by you. I had tried at least 8 times but failed to upload the ITR-2 because message used to come again “In schedule OS, slno.10 QLY breakup of dividend (i+ii+iii+iv+v) is not equal to [1a – Dtaa dividend-system calculated value at 3aii] of schedule OS”. For your kind information that total dividend received Rs.448518/- and tax deducted u/s 194K entered in TDS 2 (under head income from other source) as per F/No.26AS & F/No.16A. Interest expenses allowed 20% = Rs.89703/- in u/s 57(i). No deduction allowed u/s 80M. Only you can help me by way of providing actual calculation.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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27 July 2021 Your kind consideration is solicited to over come defaults. Regards, Limpa Chakraborty

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Deepa B

Deepa B (Expert)
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27 July 2021 In CBDT validation rules for ITR-2, it is very specifically mentioned as if interest will be auto-calculated by system and attribute to each of the quarter. Though not 100% sure, please try once with gross values in quarterly break up table without reducing TDS and interest portion from it.
Extract from CBDT validation rules for ITR-2:
In Schedule OS, Sl. No. 10 the quarterly break up of Dividend Income should be equal to [1ai (Dividend other than 2(22)(e)) - DTAA income of Dividend -System calculated value of Interest expenditure u/s 57 attributable to Dividend other than 2(22)(e)]
Besides currently there are many technical glitches in the utility, used for filing, which are yet to be rectified. Hence I cannot deny the fact that the issue might be due to a technical glitch.
If the error persists, please contact the helpdesk or raise grievance.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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29 July 2021 I have to thank you for your kind and proper direction. I would let you aware what helpdesk of ITD says in this connection. Regards, Limpa Chakraborty