06 August 2024
Dear Sir When I filed my ITR1 return on 27th June, 2024 I received defective notice which is given below. My total income under u/s194C is only Rs.1,92,203/- & TDS is deducted Rs.1,924/- I am a SENIOR CITIZEN. The return of income filed by you as per the above details is considered as defective with-in the meaning of section 139(9) of the IT Act for the following reason: Reason Probable Resolution 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. You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.
Now I tried filing ITR3 but I got struck under Nature of Business Other than those declaring Income under sections 44AD, 44ADA and 44AE . This field is mandatory.
Please advise me which ITR Form I have to file because I have to reply to the department on or before 16th July, 2024. Thanks & Regards Subramanian Cell # 9987377454