04 February 2015
Got a rectification notice from IT dept. with the following errors: 1.error code 23 --Where assessee furnish total of amount deducted in Sl.no.2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Slno.5 As the ITR was for a case where Books of account were not maintained (individual), no figures were entered in sl no. 2,3,4,and 5 of schedule BP (they are zeros) and total credits in P&L sl no 5 are also zero. Only serial no 51 of P & L were filled. Please advise how can I correct this defect?
2. Error code 14 -- Assessee entering negative amount in gross profit or net profit. Here I only filled figures in sl no 51 a,b and c (Gross receipts, gross profit and expenses). Net profit is a negative figure. So what should do?
While submitting the rectification it displays “in No Account Case, Gross Profit should not be Negative”
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