ITR2 with Foreign Tax credit- Status and next steps?

Manas Phadke (Senior Consultant) (90 Points)

19 September 2019  

Hi All,

I'm looking for some guidance for my colleague who had e-filed ITR2. Currently both are showing status Transferred to AO with the reasons alongwith other details as below

AY- 2018-19

Date of filing- 31 Aug, 2018

Status: Transferred to AO

Reason: Processing of your return has already been initiated by the Jurisdictional AO

 

AY- 2016-17

Date of filing- 31 Aug, 2018

Status: Transferred to AO

Reason: Credits for tax payments made outside India claimed in the return which cannot be verified by CPC

What are the next steps that can be taken in this matter and how long does it usually take for the assessment to be completed in cases of Foreign Tax Credit?

 

Regards,

C.A Manas Phadke