Due to discrepancies in Demat holding for AY 2019-20 the sale of shares shows a small LTCG. However, on correction of the discrepant holdings and recalculation of CG, shows a capital loss.
in order to carry forward the loss to the current AY 2020-21, can the previous return be revised now?
If not, is there any other solution?
Please clarify.
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Revision or rectification of return AY 2019-20
Replies (2)
No, now PY return can't be revised. there is solution for revision if department sent you notice. than you can file you ITR u/s 119. But it's risky and costly both. so better to forget the loss.
खाली फोकट के लफड़े में पड़ने का मतलब नहीं है. रिटर्न रिवीजन के चक्कर में पेनाल्टी लग लग जाएगी.
खाली फोकट के लफड़े में पड़ने का मतलब नहीं है. रिटर्न रिवीजन के चक्कर में पेनाल्टी लग लग जाएगी.
Thank you Sir.
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