IT Return filed defective u/s 139 (9)
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 have declared interest income earned from savings bank and FD interest. Apart from this I have Cash Withdrawals of 1144000/- for which TDS deducted u/s 194 N Shall i declare cash withdrawals as income in ITR3 Please guide me. Thanks in Advance.
Check other TDS deduction as per Form 26AS, whether all the income as per the form 26AS are declared in ITR?
Date of acquisition 17-Mar-14
Date of transfer 23-Nov-23
Sale consideration 70,00,000
Stamp duty value u/s 50C 70,00,000
Acquisition details Financial Year Cost Indexed cost
Gift-2550000*348/220 2013-14 25,50,000 40,33,636
Capital gain 29,66,364
Less: Exemptions Invested CG scheme
amount deposit Exemption
54: Investment in house property, Date - 29-Nov-2023 50,20,000 29,66,364
Taxable Capital gain 0
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