ITR processed; but difference in figures computed as per 143(1)

Ashok (Engineer) (48 Points)

05 December 2019  

Hello,

The ITR of an acquaintance of mine who doesn't fall in taxable bracket has been processed by IT Department. He is not employed  but had sold some Mutual Fund units during the last FY.

Though there are no outstanding claims, the figures computed by the dept looks very confusing and is as follows:

4. From sale of equity share in a company or fund or trust on which STT is paid as per 112A

      User submitted figures Computed as per section 143(1)
a Full value of consideration   190000 190000
b Deductions under section 48      
  bi Cost of acquisition without indexation (higher of iA and iB) 190000 0
  iA Cost of acquisition 180000 0
  iB If the long term capital asset was acquired before 01.02.2018, lower of B1 and B2 190000 0
    B1) Fair market value of capital asset as per section 55(2)(ac) 194000 0
    B2) Full value of consideration 190000 0
         

Can someone tell why the figures computed by the dept is '0'?