Till last year, in Schedule
OS, Sl. No. 10, the quarterly breakup of Dividend Income should be
entered compulsorily. This year, this has been made optional, and the
system assumes that the entire amount is under "Upto 15/6". If a tax
payer forgets to fill the breakup, without any warning the system increases the Interest under 234C. This is unfair. Other than their Grievance mechanism, is there a better forum to raise this? Thanks.
It is default break up. A warning massage does pop up to rectify the break up if you wish. So, assessee is allowed to edit the break up in 5 periodics.
Not only that but even when you try to correct this breakup, it just reenters the full amount in 1st quarter and then give errors while trying to validate.
Example Rs 2,000 was written in up to 15/6, I correct it to 700, 800 and 500 over 3 quarters like it was supposed to be and then save. But while validating I would find that ITR has changed breakup to 2,000, 800 and 500.
I resolved this by correcting it and trying again and again, eventually it didn't bug out.
I believe this bug has been fixed in version 1.1.2 of ITR that came out on July 5.
Agreed, that was the defect, needed some technic to resolve it.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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