Revise return
Querist : Anonymous
I GOT COMPENSATION FROM LAND ACQUISITION BY GOVT. IN 2010-11 RS.1250000/-MY CONSULTANT WRONGLY CALCULATED THE SAME AS LONG TERM CAPITAL GAIN AND DEPOSITED RS.225000/- AS LONG TERM CAPITAL GAIN TAX.
NOW I CAME TO KNOW THAT THIS WAS EXEMPT BUT DUE TO MISTAKE BY MY CONSULTANT I SUFFERED A LOSS OF RS.225000/- OF TAX DEPOSITED THEN.
ADVICE ME REMEDIES IF,ANY AVAILABLE
.
The exemption was required to be claimed in the return of income in case the land in question was an agriculture.
.
Still you may try to file rectification request U/s 154.
.
Querist : Anonymous
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