23 July 2014
Hello Experts, i have filed my 2012-2013 taxes before time (31st july 2013). But i missed to declare some capital gain due to some issues. I want to revise my tax. Can i do it now? I found someone telling me that i cant revise tax under section 139(5) if my previous year return was approved in assessment by AO. Can someone please guide on the process? Also for a foreign stock thats not listed in india, is their a difference between long term and short term gain? Or i have to pay flat 20% on capital gain?
23 July 2014
Thanks Tushar, But i did not get the answer, did you mean to say that even if i have received my AO i can revise tax? or its other way around?
23 July 2014
Thanks again, Is there a way to find out whether my AO was generated? So say if i haven't received any notice/order does this mean that i dont have a AO yet?
CAclubindia
