Avoid Defective Returns: How to Tally ITR and Tax Audit Data

Avoid Defective Returns: How to Tally ITR and Tax Audit Data Schedule Other Income (OI) Section 28 of ITR The items falling within the scope of secti…

CA Deepak Gupta

May 26, 2022

Last update on May 26, 2022

Avoid Defective Returns: How to Tally ITR and Tax Audit Data Schedule Other Income (OI) Section 28 of ITR

The items falling within the scope of section 28 should be mentioned in clause Sr. No. 5(a) of ITR and Form 3CD clause 16 (a).
The proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value-added tax, or refund of GST, where such credits, drawbacks or refunds are admitted as due by the authorities concerned should be mentioned in clause Sr. No. 5(b) of ITR and Form 3CD clause 16 (b).
The escalation claims accepted during the previous year should be mentioned in clause Sr. No. 5(c) of ITR and Form 3CD clause 16 (c).
Any other item of income should be mentioned in clause Sr. No. 5(d) of ITR and Form 3CD clause 16 (d).

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.