Query related to notice u/s 139(9)

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Hello,

One of my client sold his property during FY 2017-18. The possession of the property was transferred in FY 2017-18 whereas sale deed was executed in FY 2018-19 . Accordingly, as the possession was given to the buyer in FY 2017-18 capital gains on sale of property was offered in that year itself. However as the sale deed was executed in succeeding year i.e. FY 2018-19, the buyer deducted TDS on execution of sale deed, accordingly, TDS on sale of property was claimed in FY 2018-19.

Now, the assessee has received notice u/s 139(9) raising query gross income offered in return is lower than total income reflected in 26AS.

What remedy is available on this query?
Replies (1)
Check the detailed calculations as submitted by the AO..


YOU HV TO ASCERTAIN THE REASON BEHIBD THE SAME.
HOWEVER, IT IS A DEFECTIVE RETURN.


CCI Pro

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