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Urgent help in itr 3

shivam (student) (52 Points)

18 July 2018

Plz help. Itr 3 baar baar ye message show kar raha h-CURRENT YEAR SPECULATIVE BUSINESS LOSS SHOULD NOT EXCEED THAT TOTAL SPECULATIVE BUSINESS LOSS SET OFF.

I have downloaded excel offline yesterday only.

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 18 July 2018

Yes, that is the warning for speculative business loss set off against any other PGBP income..

Need to carry forward excess loss, if any....

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shivam (student) (52 Points)
Replied 18 July 2018

Sir, i have no speculative business loss.

shivam (student) (52 Points)
Replied 18 July 2018

Sir, i have no speculative business loss.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 18 July 2018

So, that warning may not applicable to you......

Need not worry....... fill it completely and validate for any error....... If no error, than issue solved....

or else contact helpline

shivam (student) (52 Points)
Replied 18 July 2018

But sir, warning is not going. So it is not generating XML file.

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J S BHAVSAR (CONSULTING) (1288 Points)
Replied 19 July 2018

Quality of ITR excel forms has reduced from last 12-15 months. Also, instead of giving proper demonstration and illustrations in their instructions PDF, vague instructions are given.

If Income Tax department /CBDT / CPC wanted breakup of salary in mentioned, they must first demonstrate one or two examples with samples. They have not done that, vaguely written in one or two lines somewhere.

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