Revise return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2013
DEAR SIR,
I GOT COMPENSATION FROM LAND ACQUISITION BY GOVT. IN 2010-11 RS.1250000/-MY CONSULTANT WRONGLY CALCULATED THE SAME AS LONG TERM CAPITAL GAIN AND DEPOSITED RS.225000/- AS LONG TERM CAPITAL GAIN TAX.
NOW I CAME TO KNOW THAT THIS WAS EXEMPT BUT DUE TO MISTAKE BY MY CONSULTANT I SUFFERED A LOSS OF RS.225000/- OF TAX DEPOSITED THEN.
ADVICE ME REMEDIES IF,ANY AVAILABLE
I GOT COMPENSATION FROM LAND ACQUISITION BY GOVT. IN 2010-11 RS.1250000/-MY CONSULTANT WRONGLY CALCULATED THE SAME AS LONG TERM CAPITAL GAIN AND DEPOSITED RS.225000/- AS LONG TERM CAPITAL GAIN TAX.
NOW I CAME TO KNOW THAT THIS WAS EXEMPT BUT DUE TO MISTAKE BY MY CONSULTANT I SUFFERED A LOSS OF RS.225000/- OF TAX DEPOSITED THEN.
ADVICE ME REMEDIES IF,ANY AVAILABLE
09 November 2013
Every land acquisition by the Govt. is not exempt.
.
The exemption was required to be claimed in the return of income in case the land in question was an agriculture.
.
Still you may try to file rectification request U/s 154.
.
.
The exemption was required to be claimed in the return of income in case the land in question was an agriculture.
.
Still you may try to file rectification request U/s 154.
.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 November 2013
THANKS A LOT MR.BAFNA,BUT IS IT POSSIBLE TO FILE RECTIFICATION NOW
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- GST Form ADT-02
- FREELANCING ACCOUNTANT
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
