Just received this notice from ITR.
The gross receipts shown for income as Virtual Digital Assets in Form 26AS, on which credit for TDS u/s 194S has been deducted, are higher than the total of the receipts shown under Income from Virtual Digital Aseets in the return of income. Hence, the return of income filed is regarded as defective, as provided in Explanation (a) under section 139(9). The taxpayer is requested to file a return of Income disclosing Income under Virtual Digital Asset.
I have around 50k TDS deposited by the crypto exchanges.
I have paid the tax as per the Act. What am I missing ?
What does the notice mean ?
How to correct it ?
CAclubindia
