Rama Vani (93 Points)
22 November 2021gud day everyone,
iam facing issue in filing itr3. I NEED TO FILE LIFE INSURANCE INCME. iam providing the details of GROSS RECEIPTS , gross profit and expenses, it shows the net profit from the business as an aggregate of GROSS RECEIPTS + NET PROFIT. SO the business income is overstated due to this tech issue.
How do i proceed with and file in ITR3. PLS refer the attached file.
Kindly provide with possible solutiontnx.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 23 November 2021
Is it commission income or maturity proceeds?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 30 November 2021
You do not add gross profit.
Just fill gross receipts & expenses correctly.
Rama Vani
(93 Points)
Replied 30 November 2021
thats what iam doing sir. if i , fill the gross receipts, expenses,it shows the net profit from the business as an aggregate of GROSS RECEIPTS + NET PROFIT. SO the business income is overstated
Rama Vani
(93 Points)
Replied 01 December 2021
gd day sir, tnx for the reply n let me try and revert back. tnx
CAclubindia
