defective IT return .
error..202
The gross receipts shown in Form 26AS, on which credit
for TDS has been claimed, are higher than the total of the
receipts shown under all heads of income, in the return of
income. Thus, while credit for TDS is being claimed, the
corresponding receipts are not offered in the respective
income schedules, to arrive at the taxable total income.
only salary n hsg loan interest is their.
n 194IA TDS for sale n purch of immv property..but TDS deducted on immv prop sale is shown as adv tax...does notice is coming due to this TDS.
urgent plz help
Menu
Defective income tax return
Replies (2)
The correct process is to claim the TDS u/s. 194IA by declaration of the sale of property under capital gains.... and same to be declared under TDS column. (& not under advance tax)
You may rectify the mistake by filing the return u/s. 139(9)...
As per your query notice is fit to mis-match between ITR figures and 26AS figures.
You cross check and decide where the mis-match lies.
TDS deducted on property sale by the buyer is TDS only and not Advance Tax .
TDS deducted by you on purchase of property is TDS deduction for seller of that property and that's all.
Show TDS and Gross receipts in ITR in line with 26AS statement and file return in response to notice under section 139(9) .
Please download fresh 26AS statement and then check it.
You cross check and decide where the mis-match lies.
TDS deducted on property sale by the buyer is TDS only and not Advance Tax .
TDS deducted by you on purchase of property is TDS deduction for seller of that property and that's all.
Show TDS and Gross receipts in ITR in line with 26AS statement and file return in response to notice under section 139(9) .
Please download fresh 26AS statement and then check it.
Recent Topic
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
Related Topics
CAclubindia
