18 March 2022
For AY 20-21, I have earlier years b/f long term capital losses. The long term capital gains for AY 20-21 have to be offset against b/f losses but the IT department has not considered these b/f losses and raised a demand for 20% on the capital gains. I disagreed with the demand, mentioned the reason and submitted the rectification request for reprocessing the returns.
They have reprocessed the returns and raised the same demand without considering the b/f losses again. The officer is not even reading the reason which I submitted while disagreeing with the demand.
Should I again disagree with the demand and submit the rectification request. I am worried this will go in a loop. What is the other alternative?
Rectification, Refund, Intimation and other Income Tax Processing Related Queries Centralized Processing Center Phone number it's not allowing search Google.
CAclubindia
