15 December 2025
Sir, hv file my ITR1 for FY 2024-25 in Sep 2025. Now have recd an intimation from the dept to revise my ITR since a mismatch has been found.
am working in a tractor dealer ship as sales manager. i, on behalf of my company, used to link customers to Financial institutions like Kotak Mahindra Bank, Mahindra Financial Services and the like to avail loan for purchasing tractors. The FIs pay commission (term they use is PAYOUTS) to my company as we give business to them. Few years back FIs said that they can't pay it in the name of the entity and started paying in my name. Tds is under Sec. 194H.
i show it in my ITR1 under Other income head for the past 3 years. Hv paid/recd refund tax accordingly.
This, for FY 2024-25, i hv recd a mail stating that quote" we have identified a significant mismatch between what you have filed in ITR and info shared with the department. Revise ur Return within 31st Dec." unquote.
Please anyone help me how to proceed on this.
p.s. Since i hv only salary income and this commn, and no other investments to complicate tax calculation, i file ITR on my own.