2 Points
Joined January 2023
here are a few general tips to consider when preparing a reply to the AO for non-consideration of capital gains due to the cancellation of a sale deed:
Gather all relevant documents and information: Make sure you have all the necessary documents and information at hand, including the sale deed, the cancellation of sale deed, and any other relevant documents or evidence.
Explain the circumstances clearly: In your reply, make sure to clearly explain the circumstances that led to the cancellation of the sale deed, including any relevant details such as the date of the cancellation sale, and the reasons for the cancellation .
Provide supporting evidence: Along with your explanation, provide any supporting evidence that you have, such as copies of the sale deed and cancellation bitlife of sale deed, as well as any other relevant documents or evidence.
Seek professional assistance: If you are uncertain about how to prepare your reply or have any questions, it might be a good idea to seek the assistance of a tax professional or a lawyer who has experience in dealing with these matters.