The Income/receipts, that have been reduced at Sl.No.3 and/or Sl.No.5 of schedule BP are higher than the Income/receipts that have been credited to the P and L A/c.
This means that you might have reduced some other heads income from receipts of profit and loss account and which has made the total receipts negative which is not acceptable. How can total sales be less than the amount you are adjusting out of it.
It can be clearly understood only if you mail the return and adjustment notice.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you
Hi
Schedule 3 and 5 are reductions from profit and loss claiming such income to be exempt or considered under 35AD. So, it cannot exceed the amount of total receipts credited to P&L. Please check with the same.
We may assist you better only by review of the ITR form and the notice.
Please compare the ITR with 143(1)(a)
Hi
Compare ITR with 143(1)(a) fig .
Please mark amount in Sr 3 and Sr 5 cannot be higher than amount mentioned in P /L account.
Hope it helps
Dear Sir,
Hope you are doing well !!
Firstly, you need to recheck the data as mentioned in notice with ITR.
