115BAC not granted
This query is : Resolved
Quick Summary
10 January 2024
I am salaried person opted for 115BAC while submitting return, however i received 143(1) notice not granting 115BAC and I received demand of 87k.
I showed 303k loss in equity but it is showing as business loss in return file.
please guide
I showed 303k loss in equity but it is showing as business loss in return file.
please guide
11 January 2024
You should have shown it under short term/long term capital loss under capital gains schedule.
11 January 2024
Thanks !
what is the way forward, can I file corrected return again? is this possible ? can CA will able to help in this?
what is the way forward, can I file corrected return again? is this possible ? can CA will able to help in this?
11 January 2024
Time to file corrected return is over by 31st December 2023. You have to pay the taxes
11 January 2024
but I received 143(1) notice yesterday.i.e 10/01/24 , can i submit corrected return in response to notice, is this possible?
12 January 2024
Not possible now...
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