Incometax notice

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This query is : Resolved

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If you've received an income tax notice stating your ITR-1 filing is incorrect due to specific TDS deductions (like those under sections 194IA, 194C, etc.), it means you likely needed to file ITR-4 instead. These sections require specific schedules not present in ITR-1. If your income relates to contract work, such as operating a passenger vehicle for a government office, it should be reported under business income (PGBP) in ITR-4. You can file a revised return to correct this.

Shan Harshad

Shan Harshad (Querist)

14 August 2024 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 194IA/194IC/194M/194S/194C/194B/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.

94C deduction in my 26 As ( I have passenger vehicle (car) , it running with in contract for a Govt. Office. )

Gokul Sharma

Gokul Sharma (Expert)

14 August 2024 itr 4 should have been filed.

revised return can be filed.

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Shan Harshad

Shan Harshad (Querist)

16 August 2024 thank you sir, I have passenger vehicle (car) , it running with in contract for a Govt. Office. ) this income entered in which shedule in itr 4