I DOING AGRICULTURAL PRODUCT BUYING AND SELLING BUSINESS, AND ALSO WORK IN PRIVATE COMPANY, I HAVE NOT ELIGIBLE FOR INCOME TAX FOR SALARIES BASIS, BUT AGRICULTURAL BUSINESS INCOME HOW TO SHOW THE RETURN,
NOTE : I AM ONLY INTERMEDIATOR. ( ( AGRICULTURAL PRODUCTS MANUFACTURER > I AM BUYING > SALE TO TENDERS ) IF SOME TIMES GET PROFIT SOME TIMES GOES TO LOSS ))
02 August 2022
I File ITR -1 ( Late Filling ). I received Error message From Income Tax Department. Below message For your reference. Error Description The gross receipts shown in Form 26AS are higher than the total of the receipts shown under all heads of income, on which credit for TDS has been claimed, in the return of income filed. Thus, while credit for TDS is being claimed in the return of income, the corresponding receipts are not fully disclosed in the respective income schedules. Hence, the return of income filed is regarded as defective, as per clause (a) of the Explanation under section 139(9).
I verified Form 26As also TDS deducted amount matched.
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