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In processing of Income tax return, Long term capital gain u/s 112A is doubled, Income Tax

Issue Id: - 116509
Dated: 27-6-2020
By:- CABIJENDERKUMAR BANSAL
In processing of Income tax return, Long term capital gain u/s 112A is doubled

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Dear All

I am facing a situation that similar type of addition is made in intimation of many Individual assessee having

Long term capital gain for AY 19-20 u/s 112A.

Cost of acquisition is take as per rule only without giving effect to the first and second proviso to section 48.

But in processing, intimation is taking double amount of such Long term capital gain.

I have applied for re-processing also, but again same problem persists.

Kindly help if any one has faced same situation.

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1 Dated: 27-6-2020
By:- DR.MARIAPPAN GOVINDARAJAN

You may complain to the CPC, Bangalore.


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