11 March 2016
Dear Sir/Madam, I got notice from IT dept. it says your return is defective due to no receipt or income has been offered in any heads of the incime for the TDS claimed in the return. We have filed ITR-7 within due date However we have not given any details in schedules of ITR-7. My college has earned income less than 15% of gross profits from educational activities and interest on fixed deposits. Whether this income should be mentioned in Schedule-BP and OS in ITR-7? And how to claim exemption u/s 11 in ITR-7? Please clarify. Thanks and regards Nagaraju
12 March 2016
Dear Sir/Madam, I got notice from IT dept. it says your return is defective due to no receipt or income has been offered in any heads of the income for the TDS claimed in the return. We have filed ITR-7 within due date However we have not given any details in schedules of ITR-7. My college has earned income less than 15% of gross profits from educational activities and interest on fixed deposits. Whether this income should be mentioned in Schedule-BP and OS in ITR-7? And how to claim exemption u/s 11 in ITR-7? Please clarify. Thanks and regards Nagaraju