Notice under section 143(2)
This query is : Resolved
26 September 2017
Dear Sir/Ma'am,
I have filed my Income tax return for the FY 15-16 after due date and shown income under the head salary.I also incurred Trading Loss in shares and securities amounting Rs 300000.00 which i have not shown.In Fy 16-17 I have made profit of Rs 400000 in shares and securities trading which i have not shown.
Now I have received notice u/s 143(2)(Limited Scrutiny notice) for the FY 15-16 regarding income related to securities transaction.(In which I have incurred loss).
Please advice.
I have filed my Income tax return for the FY 15-16 after due date and shown income under the head salary.I also incurred Trading Loss in shares and securities amounting Rs 300000.00 which i have not shown.In Fy 16-17 I have made profit of Rs 400000 in shares and securities trading which i have not shown.
Now I have received notice u/s 143(2)(Limited Scrutiny notice) for the FY 15-16 regarding income related to securities transaction.(In which I have incurred loss).
Please advice.
26 September 2017
Appear before the assessing officer on the appointed date and prove the loss with records.
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
- ITR-3 ignores Section 211 (1) (b) for Professionals u/s 44ADA
- EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT
- Deduction for HUF
- How to add NRE account to income tax profile?
- Salary u/s 194C
- Upload Level Validation Error
- Nill TDS Return FY 2025-26
- Error while filing ITR3 AY2025-26
- Sale of foreign shares by Indian resident
- Filing ITR U
- Document to add trade name
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
- EPF Withdrawal Where to show in ITR2
- 54 F disallowance presentation in ITR 2
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
