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.





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