AY 20-21, earlier years b/f losses are not considered

This query is : Resolved

Pranav (Querist)
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18 March 2022 For AY 20-21, I have earlier years b/f long term capital losses. The long term capital gains for AY 20-21 have to be offset against b/f losses but the IT department has not considered these b/f losses and raised a demand for 20% on the capital gains. I disagreed with the demand, mentioned the reason and submitted the rectification request for reprocessing the returns.

They have reprocessed the returns and raised the same demand without considering the b/f losses again. The officer is not even reading the reason which I submitted while disagreeing with the demand.

Should I again disagree with the demand and submit the rectification request. I am worried this will go in a loop. What is the other alternative?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 March 2022 Did you offset the looses in ITR filed by you.
If not file rectification request for filing adjusted ITR.

Pranav

Pranav (Querist)
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19 March 2022 Yes sir, I offset the losses in ITR that I filed for AY 20-21, still IT department had not considered it.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 March 2022 Contact CPC Bangalore.

Rectification, Refund, Intimation and other Income Tax Processing Related Queries Centralized Processing Center
Phone number it's not allowing search Google.

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