Gem ITR Validation

How to validate ITR in GEm ?

Generally getting ITR validation is not an easy job in GEM. Without ITR Validation seller cannot participate in the tender of higher value and in some services it willnot allow to bid itself .

Steps for ITR validation.
If the ITR type is ITR 3,4s and 5, we would suggest the user to fill the details as follows:

1. Fill “Profit and Gain” from ITR Section “Part B – T1. “Computation of Total Income” Point number 2 (v) [Total] of ITR.
2. For “Sale / Gross Receipts of business”, fill the details from Section “Profit and Loss Account” Point number 1 “Revenue from Operations” A (iv) [Total] of ITR
   If the ITR type is ITR4,
3. Fill “Profit and Gain” section from ITR Section “Part B – T1. “Computation of Total Income” Point number 2 (v) [Total] of ITR.
4. Fill the “Business and Profession” section amount from “E1a and E1b” in the ITR.
   If the ITR type is ITR6, we would suggest the user to fill the details as follows:
5. Fill “Profit and Gain” from Section “Part B – T1 “Computation of Total Income” Point number 2 (vi) [Total] of ITR.
6. For “Sale / Gross Receipts of business”, fill the details from Part A of Section “Profit and Loss Account” Point number 1 “Revenue from Operations” A (vi) [Total] of ITR. Onward assessment year 2017-18 If you are maintaining your books of account as per Indian accounting standards then you need to select the provided option accordingly.