I filed IT Returns from Clear Tax. Now I got a mail with the below notice. What shall I do now? Please help me...!

You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 1941A/194IC/194M/194S/194C/1948/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.


Probable Resolution

You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 378A of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable

Mai pension holder hu apna v patni ka ilaj homeopathic Dr dwaara kar raha hu Dr ne bina gst ke bil diye maine jab lagaya to homeopathic chikitsadhikari ne yah kahkar bill vapas kar diya ki gst bill lagaaye medical store se banvakar alag alag . Kya karu

Dear Experts

I have income from ILETS coaching center i.e fees from students, Visa application Processing Fee, Commission from NBFC and related jobs and I am registered under GST Act. Total Receipt of all sources is less than 60 Lac.

My query is, 1. can i file ITR under section 44AD. 2. Total Receipt of all sources is my turn over for calculation of profit 8% or 6 %.

Thanksfor all experts for earliest reply.

LIC Matured value taxable or non taxable??

ONE OF MY NEIGHBOUR EXPIRED LAST YEAR OCT . HIS TOTAL EARNINGS IS AS BELOW:

1.SALARY INR 1.91 LACS (INCLUDING GRATUITY AROUND 1.6 LACS)
2. PF AMOUNT RECEIVED GROSS 3.3 LACS



WHILE PF WAS RECEIVED TDS AROUND 33,000/-WAS DEDUCTED.

MY QUERY IS THAT
HE FILES IT RETURNS REGULARLY. IF WE FILE I.T RETURN FOR LAST FINANCIAL YEAR CAN WE GET THAT REFUND OF 33,000/- RUPEES. AND ALSO LET ME KNOW THAT IS THE PF 3.3 LACS IS TAXABLE INCOME

KINDLY ADVISE

Resolved and deleted.

Dear Sir,

I'm coming with an error as mentioned in the screen-print request you to kindly advice. Unable to attached herewith the screen-print hence sharing the Error displayed.

Error Description "[#/ITR/ITR3/Schedule112A/Schedule112ADtls/1: required key [ShareNameUnit]not found]"

Suggestions " Please contact the developer of your error with the error key "

Kindly advice.

Warm Regards,
Aditya Ghatge

I have 20 lakhs income from short term capital gains on selling shares and 9 lakhs from long term capital gains on stt paid shares for the financial year 2023-24. How can I save my income tax on this income?

If e way bill was not generated and Order of DRC 07 was issued
Then within how many days appeal can be filed against such order ?

I already cleared Final II group. i want to appear for forthcoming Nov 2024 exam for remaining Group I of final . I want to know what is the cu off date for finishing of set A Self paced exam and within what date I have to pass set A exam to enable me to attend Nov 2024 exam.