New regime is now the default regime. You need to submit 10IEA for filing under old scheme.
From the ss it is saying because you added Virtual digital asset.
I have not added any virtual digital asset like crypto, digital gold etc. By the way now the issue is fixed.
Thanks for the reply.
My actual turnover is ā¹ 16,06,625. But when I wants to file the ITR it is showing Rs.36,81,293.
I think Quicko assuming FnO sales as turnover which is wrong as per ITD.
Hey @Krish,
Please DM your registered email. Iāll get this checked.
We have resolved this issue.
Hey @Nilesh_Fatnaney,
The new regime has been declared as the default regime. Hence, if you have income from business/profession, youāll have to file form 10-IEA to opt for old. You can file this on the e-filing portal and enter the acknowledgement number on Quicko to proceed.
Hey @kipimat,
Adding directorship details is not yet supported. For the time being, you can enter rest all of the the details and use the JSON file to add these details on the Income tax utility to file your ITR.
EMAIL: yourkrishnendu@gmail.com
I could not find any option for DM.
@Surbhi_Pal unable to file return or download JSON, get this error - ā{āerrorsā:[{āerror_codeā:āSchema Errorā,āmessageā:ā[#/ITR/ITR3/PartB_TTI/ComputationOfTaxLiability/IntrstPay/IntrstPayUs234B: -61 is not greater or equal to 0];#;Please contact the developer of your utility with the error key"}]}"
when will be ITR 3 be live? or is there any other process to enable it?. The option for uploading excel ācoming soon !ā message.
You can connect with me on this error message.
I can help you over this
Connect on WhatsApp contact 9999616874
Thank you
Hey @Surbhi_Pal
Genuine question: If I had to use income tax utility only, why should I pay for Quicko at all? Wouldnāt I simply directly use income tax utility? Isnāt the point of Quicko to make this process seamless for the end-user?
Is there a plan to enable ITR-3/ directorship details in Quicko this tax season or not?
Thanks Surbhi. Have done the needful and have filed and e-verified my returns.
Thanks Vishnu. I have read about the rule of New Regime now being the default and have filed the required form and submitted and e-verified my returns. Thanks
Hello @Surbhi_Pal & @TeamQuicko
Iām also facing the same issue in both of my accounts, My actual turnover is around ā¹ 8 lakhs. But when I file the ITR it is showing Rs.32 Lakhs
Could you please help me here? Registered email id is Preethi2871998@gmail.com & Vicky.vignu@gmail.com
Hey @Harshit_Gupta,
This error has been resolved. Youāll have to re-enter the tax credits once and youāll be able to proceed.
Hey @kipimat,
ITR-3 is already enabled.
I understand your concern and the team is working to enable as many features as possible to make tax filing simpler. However, keeping the due date in mind, you can opt for the alternative route and use the utility to add directorship disclosure.
Hi @Vignesh,
For any business, the turnover is their total sales/gross receipts and the same is being considered to recommend the plan.
The tax turnover (absolute of P&L) in case of intraday or F&O trading is used to determine the audit applicability.
Sorry @Surbhi_Pal , I didnāt getā¦how come the total sales of the FnO will be a turnover?
My actual turnover is 8 lakhs only.