Had filed ITR 1 for AY 2024-25 (FY 2023-24) but it got rejected in processing due to incorrect filing. The reason is that apart from salary and bank interest income, there is a transaction of Rs 1,934/- income thru sale of digital assets (crypto currency) which has TDS of Rs 19.34/-. The IT website is asking to file revised ITR in the correct applicable form. Which IT return form is applicable in this case & how to resolve this as the amount involved is very small. There is no other source of income & no further transactions done since last year in the crypto currency apps. Pls help
Ans: You may please revised the ITR in Form 2. It is likely to be cleared by the department, since the amount involved is small, with no further tax liability. It is mistake in selecting the form only.
Most welcome for any further clarifications, Thanks.