E-filling of income tax return

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Pratik Jain (Querist)
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26 November 2016 I had filled an Income Tax Return of A.y 2007-08 offline in which year i had sold my property.But not capital gain arised as the same was sold in loss.But my another CA filled the same Return of A.Y 2007-08 online(e-filling) and i wasnt knowing about that and he showed false capital gain on sale of property and Showed a tax liabilty of Rs. 150000/- to be payable.And because of that i got intimation u/s 143(1) to pay the taxable amount.So what needs to be done.Because after applying indexation cost and everything i am not liable to pay income tax because of less Sale proceeds.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 November 2016 File rectification u/s 154 in case the intimation is within four years as on date.

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Pratik Jain

Pratik Jain (Querist)
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14 February 2017 i got the intimation in the same year of filling i.e within one year and still i have not given any reply for the same? so what to do in the said case as the intimation is being showed online in the pending actions

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 February 2017 Time limit for rectification is over you have to pay the taxes with interest.

Pratik Jain

Pratik Jain (Querist)
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25 February 2017 but cant i get opportunity of being heard as i have all the evidence regarding ofline filling of return and loss on the said property.Which section of income tax should i refer for the same ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 February 2017 Contact the AO where you have filed offline return.But there is remote chance in view of time limit for rectification has expired.

Pratik Jain

Pratik Jain (Querist)
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10 March 2017 When Form STK 2 will be deployed on MCA portal for striking off companies under new provisions of the companies act,2013