Error after validation of itr 3
This query is : Resolved
30 July 2024
While uploading json in ITR 3 in income tax login after successful validation message but I am getting the error message as "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.You will be allowed to upload return there is possible defect present in return or some deduction may not be allowed"
I have intraday income in no account cases and capital gain on shares stt paid and have shown dividend income in income from other sources. What should I do?
I have intraday income in no account cases and capital gain on shares stt paid and have shown dividend income in income from other sources. What should I do?
30 July 2024
Intraday income is speculative income for which 44AD not applicable.
Revise ITR and file.
Revise ITR and file.
30 July 2024
I have not applied 44ad I have intraday income on sharesshown I'm speculation no account case income and dividend income in other sources and capital gain on shares
on uploading return it is uploaded successfully but error message
in income tax login "In Schedule OS dividendincome cannot be more than dividend income reduced from Schedule BP;Kindly ensure that dividend income in schedule OS is equal to dividend reduced in Schedule BP.You will be allowed to upload return there is possible defect present in return "
What to do.
on uploading return it is uploaded successfully but error message
in income tax login "In Schedule OS dividendincome cannot be more than dividend income reduced from Schedule BP;Kindly ensure that dividend income in schedule OS is equal to dividend reduced in Schedule BP.You will be allowed to upload return there is possible defect present in return "
What to do.
30 July 2024
If you opt for 44AD it's No account case income.
Correct BP schedule.
Correct BP schedule.
30 July 2024
No need to enter any amount in balance sheet and profit and loss account.
Opt for 44AD.
Opt for 44AD.
30 July 2024
I have intraday turnover of 2 lakh approx and after expenses net profit of 80000(eighty thousand) can I show this income in speculation activity in P&L ACCOUNT no account case point no 65 in itr 3? I also have income from capital gain and dividend on shares.
30 July 2024
Speculation activity can't be no account case.
Fill p and l account with turnover expenses and profit.
Fill balance sheet also with your bank balance and investment.
Fill p and l account with turnover expenses and profit.
Fill balance sheet also with your bank balance and investment.
30 July 2024
There is a tab of speculation activity in NO ACCOUNT CASE .Which incomes are included in it?
I Don't maintain regular books of account as profit and sale of intraday trading is below limit of maintaining books of account.
I Don't maintain regular books of account as profit and sale of intraday trading is below limit of maintaining books of account.
30 July 2024
Yes, you can show it.
If income is less than Rs.1.20 lakh or the total sales/gross receipts or turnover do not exceed Rs.10 lakh in the preceding 3 years: Businesses and professions that fall into this category do not have to maintain books of accounts.
If income is less than Rs.1.20 lakh or the total sales/gross receipts or turnover do not exceed Rs.10 lakh in the preceding 3 years: Businesses and professions that fall into this category do not have to maintain books of accounts.
30 July 2024
Fill ITR afresh and upload it, it will pass the validation in final stage.
30 July 2024
I have dividend income on shares which I have shown in income from other sources on uploading json it is validated but there is a message saying
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.
What can I do?
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.
What can I do?
30 July 2024
No dividend income reduced from schedule BP.
It's not a valid error.
File ITR afresh such error will not come.
It has been my experience.
It's not a valid error.
File ITR afresh such error will not come.
It has been my experience.
30 July 2024
I have tried again but same error it says "dividend mentioned in schedule other income should be equal to dividend income reduced from schedule BP " can dividend be added to business income and then reduced from business income to transfer to other head(other sources) to remove this error
30 July 2024
Yes, try it no problem.
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