Income tax return processed

neha (1 Points)

29 September 2024  

hello all

my husband filed his returns thru a CA where he filed return with nil tax to be paid under new regime

his total income was under 7 lacs

but 2 days back return got processed and they charged 15% tax on short term capital gains and balance tds cut on fixed deposits will be refunded

our CA says its wrong but we are confused

we hv only 2 income sources

1st is interest in fixed deposits

2nd is short term capital gain tax that is selling shares alloted in ipo only

i m attaching statement of income n acknowledgement of return filed

can anyone tell me if the tax charged is correct

its rs. 9158 plus cess which will be deducted n balance refund

thank you