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Samkit Maniar  |173 Answers  |Ask -

Tax Expert - Answered on May 27, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Chandran Question by Chandran on May 27, 2024Hindi
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Kindly reply for my two queries as follows: Query 1. With LTCG income and adjustment for previous years' losses etc, the final tax amount will be known only after entry of all related figures in Schedules CG, CFL etc. Is downloading a json file and filling the form for practice to know the exact tax amount due and later file the actual ITR online permitted? Or only one time downloading/online filing is allowed? Query 2. Provision to make corrections in AIS is provided but could not find provision to make additions (of missing data), Such a provision was not seen up to last year's filing season. Not only missing data can be important but also it creates a mismatch of AIS and actual figures. In such circumstances what can the individual do, pl. suggest. Thank you, sir Chandran KM

Ans: 1. While punching in the current year income in ITR, the previous years figure will automatically get adjusted if you have correctly filed your returns for the previous years.
2. You can file the returns with the factual details and then answer the query on account of reason in mismatch.

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