Income not shown in ITR
This query is : Resolved
18 March 2024
Sir
Assessee earned a LTCG in the AY 2021-22, purchased property to claimed deduction U/s 54-F. However all these transactions had not been shown in his ITR for AY 2021-22. Now there is scrutiny proceeding U/s 143(2). During course of assessment proceedings can assessee claim the benifit of 54F. Please advise
Assessee earned a LTCG in the AY 2021-22, purchased property to claimed deduction U/s 54-F. However all these transactions had not been shown in his ITR for AY 2021-22. Now there is scrutiny proceeding U/s 143(2). During course of assessment proceedings can assessee claim the benifit of 54F. Please advise
18 March 2024
this article may help you - https://database.taxsutra.com/articles/dccd01188bee37a836c51cc7aeab15/expert_article#:~:text=An%20assessee%20is%20entitled%20to,course%20of%20the%20assessment%20proceedings.
19 March 2024
You may claim the deduction at assessment Proceedings stage
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
