ExpressITR || Income Credited to P&L A/c Under Business Head: can not be greater than Income shown under PART-A PL

Income Credited to P&L A/c Under Business Head: can not be greater than Income shown under PART-A PL

If you face this error during JSON generation, follow these steps to resolve it:

Steps to Fix the Issue

Step 1: Locate the Error

1. Click on the error message link.
   
2. This will redirect you to the Consolidated Sch. BP.
   

      

Step 2: Open Adjusted P&L Annexure

1. In the Adjusted P&L Annexure, verify the details of income credited to the P&L under the Business/Profession head.
   

      

Scenario 1: Incorrect Reduction of Income

1. Check if you have mistakenly reduced income from Business/Profession in the adjusted P&L.
   
2. If yes, remove the incorrect reduction and generate the JSON file again.
   

Scenario 2: Income Reduction from Business Head

1. If you intend to reduce income from the Business/Profession head, ensure the following:
   
1. Cross-Check Point No. 14 – Other Income: Confirm that the income you reduced is included in Point No. 14 – Other Income of the Profit & Loss Account.
   
2. Adjustments: If this income is not reflected in Point No. 14 – Other Income, add it under the appropriate column in the Financial Statement's Profit and Loss Account.
   

Step 3: Mandatory Adjustments

1. After adjustments, ensure that:
   
1. The income reduced under the Business/Profession head is equal to or less than the income reported under Point No. 14 – Other Income of the P&L.
   
2. The income reduced is correctly categorized under the appropriate income head.
   

Instructions for Feeding P&L (Point No. 14 - Other Income)

1. Go to Financial Statement: Open the Profit and Loss Account.
2. Locate Point No. 14: Find Other Income in the P&L section.
3. Enter Income Details: Add the income amount under the applicable column.
4. Save Changes: Click Save or Done to confirm.
   

      

      

Ensure this matches your adjustments in the Adjusted P&L.

Step 4: Generate JSON Again

1. After completing these adjustments, generate the JSON file again.
   
2. The error should now be resolved.
   

Additional Notes :

1. The total income shown under a separate income head must be equal to or greater than the income reduced from Business/Profession.
   
2. Accurate categorization and reconciliation are mandatory to avoid discrepancies.
   

Hope this resolves your issue!

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