Income tax demand for 87a rebate not allowed on STCG
This query is : Resolved
24 September 2024
I had filed my ITR on 26th June for FY 23-24 , at that time utility had taken rebate u/s 87a on tax on STCG.
However today I have received demand from ITD on the same.
What can I do now for the same, can not even file return under old regime now as due date has lapsed.
Any remedy available?
However today I have received demand from ITD on the same.
What can I do now for the same, can not even file return under old regime now as due date has lapsed.
Any remedy available?
25 September 2024
No remedy now, you will have to pay the demand. That was defect in the utility for the STCG rebate u/s. 87A under new regime; which was rectified in newer version.
29 September 2024
Can't I wait as it is a disputed matter and many believe that rebate should be made available.
There is no last date mentioned in intimation order to pay.
Also is this problem only in new regime or also for old regime.
There is no last date mentioned in intimation order to pay.
Also is this problem only in new regime or also for old regime.
29 September 2024
Even if it was disputed matter, but CPC is strong on its stand. All those who had availed this rebate by filing ITR before 5th July, 2024; have received the demand for the difference.
The interest gets accrued if the demand is not paid within 15 days.
No question of changing regime now.
The interest gets accrued if the demand is not paid within 15 days.
No question of changing regime now.
Message likes :
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11 October 2024
Good luck ....
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