If you did not respond to Communication of proposed adjustment u/s 143(1)(a)
I logged into income tax website to check my ITR status and I saw notice of Communication of proposed adjustment u/s 143(1)(a). I didn’t submit any response as 30days time limit is over. What am I supposed to do now? Update on 7 Sep: Many readers have said that...How to report F&O trading in your income tax return
Often the people who trade in derivatives find it difficult to file their ITR. The reason is that either they are unaware or are confused when it comes to the process of reporting the Future and Options trading in their income tax return. For the salaried people who...How to check if your PAN deactivated?
The government of India has deactivated around 11.44 lakh PAN cards by 27 July, 2017. If you are able to login to Income Tax website then your PAN is active. But if you still want to verify that you PAN is active or your PAN deactivated you can follow the steps...Capital Gains Account Scheme and Sale of property
If one sells a property which has been held for more than 2 years, one long term capital gains. If one invests the capital gain(not the difference between cost and sale price) within 1 year of sale or 2 years of the transaction, under section 54, 54F/FC, the capital...Communication of proposed adjustment u/s 143(1)(a) and e-Assessment/proceeding
For AY 2017-18 or FY 2016-17 many are receiving Income Tax Notice which says Communication u/s 143(1)(a) for PAN such as given below. Please do not panic. You have 30 days to responsd. Notice under section 143(1)A Notice u/s 143(1A) is sent If there are any...Subscribe to All Our Posts
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