Difference in ITR values and computor processed values u/s 143(1)

Malhar Deshpande (211 Points)

09 December 2019  

Sir, 

Recently I received intimation u/s 143(1) in that  I have some queries. In ITR2 all values in Capital gain sheet was filled correctly and LTCG u/s 112A was automaticaly populated. but in intimation u/s 143(1) the cost of aquisition was not considered by cpc system.and the full value of consideration itself was taken as capital gain. full consideration = 270583 cost of aquisition =249611 Expense = 1353. so the capital gain auto populated was 19619 and total taxable gain was 0 as it is below 1 lac. But in intimation u/s 143(1) they have shown 270583 as capital gain and cost of acquisition as 0 and variance as -249611. Ofcourse there is no tax payable but I want to know where is the mistake.