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

[CABIJENDERKUMAR BANSAL]

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.

[DR.MARIAPPAN GOVINDARAJAN]

You may complain to the CPC, Bangalore.

AI Summary

Long term capital gain computation error in processing leads to doubled reported gain; reprocessing failed, complaint advised. Processing generated duplicated long term capital gain under 112A because cost of acquisition was applied without effect to the provisos to section 48, producing an intimation showing the gain twice; re processing did not correct it, and a complaint to the Central Processing Centre was recommended.