Section 143(1)a ii recieved

Hiiii sir

i filed Return for AY 19-20, a long term capital gain from sale of land nd claimed deduction u/s 54f cause i purchased another land nd constructed residential house on that, i received this notice with 30 day time period for reply which is lapsed nd now i can see in income tax portal there is showing that add authorised representative, i want to know what is this error??, whether i can file revise return for the same nd this notice proceedings will get complete.

the notice says
1) SCHEDULE SI
the amt entered in schedule sIare inconsistent with the corresponding amt entered in Sch CG/OS
2) SCHEDULE CG
there is inconsistency in the LTCG amts/ totals entered in schedule cg or taxpayer is claiming deduction u/s 54 which are more than amts allowable as per the respective sections.
plz suggest.
Replies (2)
Quick Summary
A taxpayer received a Section 143(1)(a)(ii) notice for AY 19-20 concerning long-term capital gains from land sale and a Section 54F deduction. The notice highlights inconsistencies between Schedule SI and Schedule CG/OS, and potential overclaimed deductions. The deadline for response has passed, and the portal shows an option to 'add authorised representative'. The user seeks clarification on the error and the possibility of filing a revised return to resolve the notice proceedings.

U need to go to some CA and get proper calculation of CG
Sir , first you need to see auditor for this he will analyse the error on it and file revise return if required , due date extended for filing it till 30 June

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details