Below are the receipts for the FY 2023-24, based on the receipts kindly confirm (ITR-2, ITR-3, ITR-4) which is the correct Return and what exemptions and deductions can be claimed while filing the return ?
1.Salary
2.Receipts on transfer of Virtual digital asset
3.Outward foreign remittance/purchase of foreign currency
Received Notice for IT dept for defect in return of Income (ITR-1).
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.
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