For the assessment year 2015-16,for the physical return submitted,I got a notice from IT office trivandrum under 143/2 ,reason being security transaction.
I had not submitted the details of my share trading for the year,in my return because,there was net loss and since I dont want to carry over the loss. Now I am staying at Bangalore. As per the notice I have been called to explain.Now
1) can I make a reply by registered post to the AO,trivandrum,along with the profit/loss statement from the broker,with out presenting in person,as no tax is due from me on this account? or an email reply quoting,the 143/2 notice to AO would suffice
2) I could not claim some 80(C) deductions in the said assessment year 2015-16. can I make a revised return,claiming the 80C deuctions now.
kindly advise