DEFECTIVE NOTICE 139(9)

This query is : Resolved

PRATIKKUMAR (Querist)
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15 February 2020 WE ARE PARTNERSHIP FIRM, AND WE DONT HAVE ANY TRANSACTION FOR AST. YR. 19-20, BUT WE HAVE TDS U/S.194LA, , TOTAL AMOUNT CREDITED - 975128.00 AND TDS-97513.00 BY SPECIAL LAND ACQUISITION OFFICER (RAILWAY HAVE TAKEN OUR LAND)
I HAVE CLAIMED THIS AS REFUND BUT NOW DEPARTMENT HAVE ISSUED ME DEFECTIVE NOTICE AND THE REASON IS 'THE GROSS RECEIPT ON WHICH TAX HAS BEEN DEDUCTED ARE TO BE ENTERED IN SCHEDULES UNDER THE RESPECTIVE HEADS OF INCOME AS THEY ARE ASSESSABLE IN THE YEAR IN WHICH THE CREDITS FOR THE TDS IS BEING CLAIMED'
PLEASE HELP ME IN THIS REGARDS ALSO LET ME UNDER WHICH SCHEDULE THIS FIGURE SHOULD BE MENTIONED

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 February 2020 Enter the amount under long term capital gains schedule. Deduct indexed cost of purchase. Claim exemption under compulsory acquisition for balance amount.