ITR

Transaction asked about was already reported in my ITR

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Find

If the transaction is already in your return, the best reply is to show exactly where. This is the strongest defence to any information notice. Attach the filed return page and the working.

Provisions

Sec 133(6) (now Sec 252(1)(a)); Sec 143(1) (now Sec 270(1))

Analysis

Point to the schedule and line, for example 'sale of shares for ₹18,40,000 reported in Schedule CG, short term gain ₹2,10,000 taxed at 20%'. Attach the acknowledgement and computation, plus the broker statement. Many information notices close at this point because the officer only needed to confirm reporting. Keep the tone simple and factual.

Close

  1. Download the filed return and acknowledgement.
  2. Mark the schedule and amount that covers the transaction.
  3. Attach the source statement.
  4. Reply stating where it was reported.

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General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.