Hi there,
I am currently having issues with one validation error on the ITR 3 return. The only professional income is consultancy income generated from foreign source and tax has been deducted in the source country. India has a DTAA with the source country. Presumptive income under 44 ADA was considered appropriate. (No books of account maintained).
The validation error arises from the schedule FSI which reflects the income appropriately however, the validation rules checks against the P&L and Trading account which is zero since the appropriate fields are empty and prevents the return from being processed. Presumptive income is reflected in the appropriate fields of the return. There is no way that this validation rules can be corrected as this requires a back end correction of the validation rule. I am stuck for over three weeks with no resolution from the department. Grievances are closed without any positive assistance. Anyone who has encountered this problem can kindly share some insight to resolving the issue.
CAclubindia
