ExpressITR || How to Make Adjustments in Business Head Less Income or Add Expenses

This guide provides a clear step-by-step process for making adjustments in the Business Head section of an ITR. Here's a summary of the steps for easier reference:

Adjusting Income or Adding Expenses in Business Head

Step 1: Access Client Profile

1. Open the client’s profile.
   
2. Go to the ITR Summary section.
   
3. Click the button under Return Flow to access relevant ITR options.
   

      

Step 2: Navigate to Business Profession Head

1. Move to the Business Profession Head section.
   

      

Step 3: Add Business Information

1. Click Add Business and fill in:
   
1. Type of Business
   
2. Business Name
   
3. Nature of Business
   
4. Trade Name
   
5. Description
   

      

      

1. Click Done or press the Esc key to save.
   

Step 4: Open Adjusted PL Annexure

1. Go to the Consolidated Sch. BP annexure for the Adjusted PL.
   

      

Step 5: Add Expenses

1. Enter any missed or additional expenses that were not included in the Profit and Loss Account.
   

      

1. Click Done or press Esc to save.
   

Step 6: Adjust Income Details

1. Enter the income from your Profit and Loss Account that you now want to move to a separate income head.
   

      

1. If you reduce the income under the Business Head, ensure you add it under the appropriate alternate income head.
   
2. Click Done or press Esc to save.
   

Note:

For reduced income in the Business Head, proper categorization is required to maintain consistency across other income heads. This process ensures accurate reporting and compliance with tax regulations.

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