my taxable income is 4,90,500. And I have long term capital gain of 20,000.
when I file itr , this 20,000 get added to 4,90,500 even though my long term gain is less than 1 lakh. it does not get exempted. Why ??
Thanks in Advance for your reply
It gets adjusted at the time of calculation of tax liability, in some of the options, which is glitch in the utility.
If your tax liability remains more than the actual, file complaint under Grievances.
CAclubindia
