I got email from Income Tax departmnet which I am not able to understand.
Subject: "Notice u/s 139(9)of Income Tax Act, 1961"
Error code: 202
Error Descripttttion:
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.
Hence, the return of income filed is regarded as defective,
as provided in Explanataion (a) under section 139(9).
Probable resolution:
The relevant schedules in the return of income, based on
which income is computed under respective heads, should
show the total receipts, on which credit for TDS is claimed.
The taxable total income has to be arrived at, after offering
the total gross receipts, as shown in Form 26AS, on which
credit for TDS is claimed. The correction of this defect is to
be made by filing a revised return, as the said correction will
result in change of income.
I am not able to understand exactly error descripttion. What is meaning of error descriptttion?
CAclubindia
