FILING CAPITAL GAIN UNDER SHORT TERM CAPITAL GAIN under 111A


This query is : Resolved 

Quick Summary
This discussion addresses challenges encountered when filing Short Term Capital Gains (STCG) under section 111A. Initially, a user struggled with negative values in quarterly STCG calculations, which was resolved by adjusting the entries. A subsequent issue arose regarding the 'BFLA WINDOW' requiring income TDS and deductor TAN, particularly for individuals who haven't filed returns previously. The advice given highlights that losses can only be carried forward if returns were filed by the due date.

25 July 2022 Sir, while filling value ( after going for validation ) in each quarter it does not take negative value, in 16/12 to 15/3 where as the total STCG value is positive. please guide me

25 July 2022 Reduce negative values in the first and second quarter positive figure. Enter zero in third and 4th quarter.

25 July 2022 Thank you very much Sitharaman sir.

25 July 2022 You are welcome..............

25 July 2022 Dear Sitharaman Sir,
I followed your advice but it still not taking

25 July 2022 Give the total filled up figure and your capital gains.

25 July 2022 Dear Shri Sitharaman sir thank you it is done.

26 July 2022 Dear Sitharaman Sir,
A new problem is arisen ,
during validation is opening BFLA WINDOW and asking INCOME TDS AND TAN OF DEDUCTOR brought forwarded. I was not filing return in the past, since I did not have taxable income. Please I need your guidance.

27 July 2022 Are you carry forward any loss of previous year.

27 July 2022 If you have not filed any returns in the previous years, you can't brought forward any loss of earlier years.
ITR must be filed before the due date to carry forward the loss to future AYs.


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