Description:
No tax can be computed without
providing the details of income. The Assessee should maintain consistency in
providing details of income and tax computation in the return of income in the
new xml which will be filed in response to this communication.
2. Error Code 3:”Part A, P and L and/or Part A BS (Balance
Sheet) have not been filled”
Description:
- In case, if there are only pre-operative expenses, even then those expenses should be entered in P&L account. Then, assessee is also required to add back such expenses in serial no. 22 of schedule BP (i.e. “Any other item or items of addition under section 28 to 44AD”) in the new xml which will be filed in response to this communication.
- Please ensure that Profit & Loss and Balance Sheet to be filled in case of both Indian and Foreign Company.
3. Error Code 8:”The Assessee has filed ITR-4S. Even though
the total presumptive income u/s 44AD is less than 8% of Gross turnover/Gross
receipt”
Description:ITR 4S has been filed but total presumptive income u/s 44AD
is less than 8% of Gross Turnover or Gross Receipts. In these cases, ITR-4
should be used for filing the return.
4. Error Code 14:”Assessee is entering negative amount in
gross profit or net profit at Serial number 51b and /or 51d. of Part B of
Profit & Loss Account”
Description:
- In case where regular books of accounts are not to be maintained, assessee can furnish the data in serial number 51 of Part B of Profit & Loss Account (“No Account Case”). However, all the rows i.e 51a to 51d needs to be filled in.
- If negative amount derived in Net profit at Serial number 51 d, assessee has get his books audited.
5. Error Code 19:”Where domestic Flag is NULL”
Description:A company Assessee has to mention whether it is a domestic
or non-domestic company in the return of income in the new xml which will be
filed in response to this communication.
6. Error Code 27:Assessee is claiming income U/S 44AD at 8%
of the Gross Receipts which exceeds the limit as prescribed under section 44AD
Description:For assesses claiming income chargeable under section 44AD
the total gross receipts should be less than Rs.60 lakhs. Assessee has to provide
correct information about gross receipt and presumptive income U/s 44AD
Assessee is required to fill relevant ITR form in the new xml which will be
filed in response to this communication.
7. Error Code 28:”For AY 2012-13: Assessee mentioning gross receipt
or income U/S 44AD more than Rs. 60 lakhs in ITR 4S”
Description:Assessee having Gross Receipt or presumptive income U/S 44AD
more than Rs. 60 Lakhs cannot file ITR 4S. Kindly file relevant ITR with the
new xml which will be filed in response to this communication (AY 2012-13).
8. Error Code 28:”For AY 2013-14: Assessee mentioning gross
receipt or income U/S 44AD more than 1 Crore in ITR 4S”
Description:Assessee having Gross Receipt or presumptive income U/S 44AD
more than 1 crore cannot file ITR 4S. Kindly file relevant ITR with the new xml
which will be filed in response to this communication (AY 2013-14).
9. Error Code 38:”Tax determined as payable in the return of
income filed has not been paid”
Description:Pay the taxes and fill the details of the pre-paid taxes in
schedule IT, TDS, TCS as applicable.
- See more at:
http://taxguru.in/income-tax/9-common-errors-resulting-in-defective-tax-return-solutions.html#sthash.vd53xKRx.dpuf
No comments:
Post a Comment