INTEREST ON HOUSE PROPERTY REJECTED BY IT DEPT
This query is : Resolved
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,
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,
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.
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