XML Upload error regarding schedule DPM

XML Upload error regarding schedule DPM

XML Upload error regarding schedule DPM - "Sr. no 6 in schedule DPM should be equal (3+4+5) Or enter  zero if result in negative "




possible Solution

Here, this error basically coming coming for deprecation rate 45% , As per income tax act the rate 45% on Motor buses, motor lorries and motor taxis used in a business of running them on hire. Such vehicles should have been acquired on or after 23-08-2019 but before 01-04-2020 and are put to use before the 01-04-2020. So there will be no opening wdv for assessment year 2020-2021 , all asset detail you have to put in "addition" option.





Hope This Helps 





    • Related Articles

    • Income Tax Xml upload error regarding schedule 112A

      Income Tax  Xml upload error regarding schedule 112A  - "In Schedule 112A , Col 6 Total Sale Value in not equal to Col. 4*Col. 5 " Possible Regulation  The main reason of this error that value of  "No. of Shares/Units " and "Sale-price per Share/Unit ...
    • Income Tax > Error of Agriculture Income in XML

      XML error regarding agriculture income  Solution  This error comes when you enter agriculture income above 5 lakhs and do not enter land details Go to Transactions > Other Source Income > Agriculture income Enter land detail here  Hope this Helps 
    • Deprecation calculation as per companies act 2013 in Income Tax

      Deprecation calculation as per companies act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, ...
    • XML upload error regarding ICDS adjustment

      XML upload error regarding ICDS adjustment  Possible Solution  Example 1  In the case of  "Increase in the profit or decrease in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column ...
    • In Income Tax While generating XML, gives error "Bad file name or number"

      Solution: This error normally occurs in case the XML saving path is not correct or if you are saving the file on network system and you do not have full rights to access that location. Regarding this please provide the proper permission to the ...