Intimation u/s 143(1)a

while filing income tax in Winman software, it has been set off loss from house property from long term capital gains. Now intimation is received from IT department to pay additional tax amount.
What shall I do now? Either to pay tax or rectify it online?
Replies (4)
Quick Summary
This discussion addresses an individual who received an intimation under section 143(1)(a) of the Income Tax Act after setting off a house property loss against long-term capital gains in Winman software. The user is seeking guidance on whether to pay the additional tax demanded or rectify the return online. Advice was given to review the set-off against the Rs 2 lakh limit specified under Section 71(3A) for house property losses.

As per Sec 71(3A), Loss from head 'House property' could be set-off against Income under any other head to the extent of Rs 2 Lakhs.

Hence bearing such provision , please review your case.

Then can I rectify this?

Verify your details, if Set-off is as  per above stated provisions then you can

Okay mam thank you

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