I have filed belated return in month of December 2019 showing carry forward loss (relating to sale of shares at loss) a.y 19 20.
Now i have recieved notice u/s 143 1 a tellling that loss not allowed in belated return.
Either revise the return or give response to notice.

Now when i m revising the return in 139(5), column in itr utility is protected and not allowing me to make loss as zero. While filing return in sec 139 (4) column are unprotected.

So how can i make zero in carry forward lossess?? While filing revised return in 139 (5) as i want to make carry forward loss zero.


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Query - I am in search of case law of Chennai ITAT.
One of the members of the Bench : Shri. GEORGE MARTHAN
Subject : Section 50C is applicable to encumbered capital asset.
The decision of this Bench was approved by Madras HC.
Can you find it out and send it to me by mail.?
The above decisions are needed to distinguish from the
Smt.D.Anitha's case Hyderabad ITAT and Sir Mohamed Yusuf Trust's case Mumbai ITAT
Thanking you,
Yours faithfully,
CA T.S.Rajarajeswaran.
M.NO: 022922
Mail ID : catsrajarajeswaran@gmail.com


Answer now



Query - I am in search of case law of Chennai ITAT.
One of the members of the Bench : Shri. GEORGE MARTHAN
Subject : Section 50C is applicable to encumbered capital asset.
The decision of this Bench was approved by Madras HC.
Can you find it out and send it to me by mail.?
The above decisions are needed to distinguish from the
Smt.D.Anitha's case Hyderabad ITAT and Sir Mohamed Yusuf Trust's case Mumbai ITAT
Thanking you,
Yours faithfully,
CA T.S.Rajarajeswaran.
M.NO: 022922
Mail ID : catsrajarajeswaran@gmail.com


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17 January 2020 at 19:48

Regarding notice u/s 133(6)

I received notice u/s 133(6), for non filing of tds return u/s 194C.how I give response to above notice


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17 January 2020 at 17:55

DEFECTIVE RETURN 139 (9)

I have revised the return u/s 139 (9) but the acknowledgement is still awaited. As to why and how the acknowledgement is not appearing on income tax site. I had filed the ITR-4 in June 2019 for the Ay 2019-20 but in the month of Jan 2020 the said return is being revised u/s 139 (9) showing a penalty of Rs 1000 u/s 234-F.


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17 January 2020 at 17:13

Adjustment u/s 143(1)(a)

I got the notice for
=============
Adjustment u/s 143(1)(a)
====================
In the action "add/view authorized representative [AR]"

Please guide on this
7709013312
Bhartendu Jha


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17 January 2020 at 15:21

Jurisdiction of residence

In ITR 2, when we choose non resident for individual , then we are asked to give jurisdiction of residence.
one of the choice in jurisdiction of residence is India. How is this possible? which non-resident has jurisdiction of residence as India?


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Respected Sir,
How to depict in ITR, The amount of compensation Rs 13 lakh received from a builder for not giving possession of a plot for which 50% amount was paid 7 years back. The compensation was allowed by the State consumer disputes redressal commission Whether it is income or capital receipt.
Regards
R K ARORA


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17 January 2020 at 13:03

NRO account

After converting present S B A/c to a NRO account (conversion not yet done), Is it necessary to disclose all transactions in the account prior to conversion to the IT Dept ..Last two FYs , ITR is filed below Rs.2 Lakhs. No tax liability as resident. but in April'19 high amounts were withdrawn after foreclosing the FDs for marriage purpose.Is it mandatory to open a NRO account. I seek expert advice on this matter. (It should not happen like " Aa bail muzhe Maar")


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17 January 2020 at 12:49

NRE/NRO account

Is it mandatory for a NRI to have a NRE/NRO account in India.Even though his/her income is below 2.5 lakhs with /without TDS on interest from FDs in bank


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