Reason & Solution for Intimation under Section 143(1) of the Income-tax Act

Reason & Solution for Intimation under Section 143(1) of the Income-tax Act

Intimation under Section 143(1) of the Income-tax Act

Error discerption in Intimation
 "The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed."

Possible Resolution: -

1. Gross receipts/income, on which tax has been deducted, are to be entered in the income schedules under the respective heads of income.

Example -
If tds has been deducted  in section 194 (dividends), then the income receipt should  be entered in the income schedules under the respective heads of income
Amount paid (gross receipt)- 12000
Head of income - OS-Income From Other 

TDS detail -



Income head- 





2.  It is also to be ensured that the Business code should be the same in which section TDS has been deducted.

Under which section TDS was deducted?
What is the code of business declared in ITR?
If TDS Deducted u/s 194J then business code should  be declared in ITR as  professionals category.



Note :- This is correct as per the checks applied by us, however, not completely sure about this and needs to be further checked.



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