24 June 2024
For assessment year 21-22 the short term gain filed in the IT Return has been doubled by IT Department and raised a tax demand accordingly. All efforts for rectification and submission of grievance has not yielded any result. What could be the possible reason for dibling the income by Department? What is the remedy?
25 June 2024
Thank You Sir! Have accessed AIS but it only gives details of TDS and SFT. Not able to find the reason for doubling the gain by department.
25 June 2024
SFT gives the value of sell consideration, check that. Also intimation order will give the difference of the gains reported by you and that by the system.
25 June 2024
Thank You Sir! Yes intimation does indicate STG filed and STG processed. Filed 2348720, Computed 4595800. Not able to identify the reason.
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