AY 20-21, earlier years b/f losses are not considered
This query is : Resolved
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?
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?
19 March 2022
Did you offset the looses in ITR filed by you.
If not file rectification request for filing adjusted ITR.
If not file rectification request for filing adjusted ITR.
19 March 2022
Yes sir, I offset the losses in ITR that I filed for AY 20-21, still IT department had not considered it.
19 March 2022
Contact CPC Bangalore.
Rectification, Refund, Intimation and other Income Tax Processing Related Queries Centralized Processing Center
Phone number it's not allowing search Google.
Rectification, Refund, Intimation and other Income Tax Processing Related Queries Centralized Processing Center
Phone number it's not allowing search Google.
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