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 "
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
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 ...
Return Upload error regarding "In schedule EI"
Return Upload error regarding "In schedule EI Sl.no 7 Should be equal to sum of individual fields of schedule" Possible Solution :- This error is coming because dividend income is entered in the exception head. From F.Y 2020-21, Section 10(34) has ...