banner_ad

ITR 2 online submission

ITR 259 views 2 replies

ITR 2 Online submission: There is an error on computation of total income for tax calculation. System takes entire amount as income under LT Cap Gain without deducting the exemption of Rs. One Lakh.

Replies (2)

Though it shows total amount in total income but at the time of tax calculation the tax is calculated only over excess amount.

You may also raise grievance for it.

If you have income under head "income from capital gain" only, then deduction u/s 80C and also 87A is not allowed. Deduction u/s 80C and 87A is applicable on income under head "salary " and "house property".
This two head should be with the ITR filer.
In your case, you have income from capital gains, recompute the income.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details