banner_ad

ITR 2 online submission

ITR 282 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
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details