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
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
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.