banner_ad

INTEREST ON HOUSE PROPERTY REJECTED BY IT DEPT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 October 2021 One of my friend had received a demand from Income Tax Department. The person is working in Private company & had taken a loan for purchase of House.He had paid interest of Rs.200,000/-. While filing his return , he had correctly claimed interest in his return.The amount is also correctly shown in Form 16.The same is rejected by department while processing his income & liability is re calculated & demand is raised.
My query is - How to answer to the demand raised by department on new IT portal & what additional information is required to submit with the reply
Thanks,
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 October 2021 File appeal with CIT appeal within 30 days. File stay petition with AO for the demand on payment of 20% of the demand.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details