Hi All,
I'm looking for some guidance for my colleague who had e-filed ITR2. Currently both are showing status Transferred to AO with the reasons alongwith other details as below
AY- 2018-19
Date of filing- 31 Aug, 2018
Status: Transferred to AO
Reason: Processing of your return has already been initiated by the Jurisdictional AO
AY- 2016-17
Date of filing- 31 Aug, 2018
Status: Transferred to AO
Reason: Credits for tax payments made outside India claimed in the return which cannot be verified by CPC
What are the next steps that can be taken in this matter and how long does it usually take for the assessment to be completed in cases of Foreign Tax Credit?
Regards,
C.A Manas Phadke
CAclubindia
