Wrong Processing of Return by CPC
CA.Mohammed Lakkadsha
Is any aware that CPC is wrongly processing in variably all cases were loss due to Housing loan interest has been cliamed by assessee. I have various clients who have recd demand beacuse of denial of housing loan interest.Its a big issue and would create a lot of trouble for assessee as all such cases has to rectified. its it advisable that ITD suo moto should rectify all such cases and should identify how such error is happening while processing.
Incorrect Tax Return Processing at CPC: Housing Loan Interest Deductions Denied, Prompting Demand Notices. ITD Urged to Correct Errors. A user raised a concern about the Centralized Processing Center (CPC) incorrectly processing tax returns, specifically denying claims related to housing loan interest deductions, resulting in demands being issued to taxpayers. This issue affects multiple clients and necessitates rectification for all impacted cases. The user suggests that the Income Tax Department (ITD) should proactively address and correct these errors. Another participant inquired about the possibility of emailing the CPC to resolve the issue. (AI Summary)
TaxTMI
TaxTMI