ITR - 1 Issue - Defective return

This query is : Resolved

Sumeet Das (Querist)
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26 July 2024 I got following notice:

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.

I checked my AIS and have the following three TDS:
1) Salary - TDS 192 - Salary Received (section 192)
2) Business Receipts - TDS 194H - Commision or brokerage received (section 194H)
3) Receipts on transfer of virtual digital asset - TDS 194S - Amount received on transfer of virtual digital asset (section 194S)

For point 2 and 3 above, the count is 1 each and the amount received is below Rs.100 on both the cases.

Which ITR to file now?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 July 2024 File ITR 2. Declare the income in (3) in Schedule VDA.
For TDS on commission income, Go to TDS 2 column, & edit the details of source of income to OS. Declare the income under schedule OS.

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