I recently saw an outstanding demand for 2007-08 at the efiling site for 1.5 Lakhs. I am pretty sure that the demand is wrong and plan to meet the AO with the details. While collecting the documents I downloaded the ITR-2 form for 2007-08 from the efiling gov site. The ITV-2 and ITR-V clearly shows that there is no tax pending.
However going thru ITR-2 form i was not able to understand the Sechedule CG for capital gains. While the overall capital gains shown 0, i see an amt of 2 lakhs under Short term capital gains under 111A(line item5) however the line item 4 which is supposed to include all short term capital gains shows zero.
I did not sell any shared during that year...the only transaction i did was to buy company ESOPs by taking loan from a bank. I still have the same shares with me.
Can someone pls clarify what is the amt shown in ITR-2...
CAclubindia
