Working

Save Share

This query is : Resolved

Quick Summary

A user encountered an issue where the Capital Gains (CG) displayed on the new tax portal was showing the acquisition cost instead of the actual capital gain. After troubleshooting, it was identified that filling data directly on the new tax portal, especially under heavy traffic, can lead to such glitches. The recommended solution is to download the offline ITR filing utility, complete the return there, and then upload it to avoid errors.

Harshad Khona

Harshad Khona (Querist)

16 October 2021 In CG for land & building section, Capital Gains is displayed as value of consideration.
Pl help as how to correct this error.
Pl help.

HARSHAD KHONA

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 October 2021 Please elaborate query.
Did you filled any data?
If yes, are they fully filled up?

Harshad Khona

Harshad Khona (Querist)

16 October 2021 I filled up sales price & then acquisition cost , related cost but what appears as CG is acquisition cost. For ex: if my sales price is 1lakh & purchase price is 0.9 lakh.
My CG comes to my shock as o.9 lakh.

Harshad Khona

Harshad Khona (Querist)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 October 2021 Which ITR you are filing?
Is it ITR 2 or 3 or 5?

Harshad Khona

Harshad Khona (Querist)

16 October 2021 I am filing Income Tax Return 3 .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 October 2021 As such there is no defect as checked by me. Please fill the data fully and check if it gets rectified.
Hope you are using Jason utility ver. DU v-1.0.18.

Harshad Khona

Harshad Khona (Querist)

16 October 2021 No, I am not using any utility. I am filling data directly.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

16 October 2021 Where ???

Harshad Khona

Harshad Khona (Querist)

17 October 2021 I am filling data on new tax portal.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

17 October 2021 Because of heavy traffic on the new portal, the online ITR filing is not suitable for error free working, specifically with slow internet connections. Hence such glitches.
Recommended to download ITR filing utility, fill data offline till validation stage. It is working with minimum bugs. Finally upload the return with verification. The process is much less time consuming then the online filing.

Harshad Khona

Harshad Khona (Querist)

17 October 2021 Thank you very much.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

17 October 2021 Most Welcome ...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now