WHY CPC (BANGALORE) IS UNABLE TO PROCESS OVER 2 LAKH IT RETURNS…..

WHY CPC (BANGALORE) IS UNABLE TO PROCESS OVER 2 LAKH IT RETURNS…..

MY HUMBLE REQUEST TO ALL ASSESSEES,

                                           I am really sorry to say but it’s 100% true that Currently CPC ( Bangalore ) is unable to process  over 2 lakhs Income tax Returns which have been classified as defective return as well. Therefore Assessees  are requested to avoid such errors as mentioned below :

1)  ITR 4 :- Assessees has not filled Part A  P&L or Balance Sheet or both and  gross receipts and has entered a positive value in Schedule BP. This is the single largest reason for returns being classified as defective.

 2).   ITR 4 – P&L “Sales/Gross receipts of business or profession” is greater than 60 lakhs and AUDIT INFORMATION not completely filled.

 3)   ITR 4S – has been filed but presumptive income u/s 44AD is less than 8% of Gross Receipt or Sales  turnover u/s 44AE is less than Rs5000 p.m per vehicle in case of heavy vehicles or less than 4500 p.m per vehicle in case of other vehicles.

 4.   ITR 4S – has been filled but Code mentioned under Nature of Business is 601 or 602 or 603 or 604 which are incorrect codes.

5.  ITR 1- Tax Deducted as per Schedule TDS 1 is greater than GTI (Gross Total Income).

 6.  ITR 1- Tax Deducted as per Schedule TDS 2 is greater than GTI (Gross Total Income).

 7.   Depreciation claimed in Point 42 of Part A – P&L but Schedule DPM /DOA not filled.

8.   Mainly ITR 4- Deduction claimed under Chapter VIA under sections 80IA, 80IB, 80IC, 80G but the relevant Schedules not filled.

9.   All ITR forms – Brought Forward Loss has been claimed at Point 9 of Part B TI but Schedule CFL (Carried Forward Loss) has not been filled.

10. All ITR forms – No Income details or tax computation has been provided in ITR but details regarding taxes paid have been filled and filed.

 11. ITR 6 – Corporate assessee has filed ITR 6 but audit information is incomplete.

 12. ITR 4 & 5 – In audit information 44AB Flag is Y but Part A P&L and or Part A BS not filled.

13. ITR 1- 4 –> Gender Mismatch – The Gender provided in the return does not match with that appearing in the PAN database.