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ITR-2 Query
I filed ITR-2 for AY 2019-20 as I had income from salary, exempt income, income from other sources and short term capital loss. The ITR acknowledgement generated after filing of return is automatically picking total income value in deemed total income under MAT/AMT as well. I as an individual taxpayer, does not fall under AMT category and amount should not appear in deemed total income under MAT/AMT row. What should I do now?
Replies (3)
Need not worry, as the tax liability is calculated based on individual taxpayer.
Of course, the utility needs to be fine-tuned.
Does that mean it is a utility problem and I should ignore that and allow the return to be processed as usual.
Yes.
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