ITR 2 Short Term gain & Long term gain

This query is : Resolved

Quick Summary

A taxpayer faced issues reporting a short-term capital loss and long-term capital gain in ITR-2. The advice was to use the latest utility, enable the current year set-off option in Schedule CG, and correctly complete Schedule CG and BFLA so the return validates without errors.

Sanjay

Sanjay (Querist)
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03 July 2026 Sir,
During the FY 2025-26 i have share short term loss Rs. -693 and long term profit Rs. 5889/-. i have shown respective schedule value but in the column Receipt column negative value for short term loss not taken then where to show it. how is rectify because if i shown only short term loss but it must tally with report.

Please guide me.

Thanks & Regards
Sanjay

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 July 2026 Check if you are using latest version of the utility.
Secondly in schedule CG, open column E "set off of current........... : There is a tab at the bottom of the page.... there select 'yes'... the issue will be resolved.

Sanjay

Sanjay (Querist)
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04 July 2026 Sir, Following error i facing
Sl. Number
FieldName
Error Description
1
Long- term capital gains taxable at the rateof 12.5% Enter value from item 3vii ofschedule BFLA, if any.
In Schedule CG,Table F Sl no.5 breakup of all the quarters should be equal to valuschedule BFLA
2
Long-term capital gains taxable at DTAArates Enter value from item 3viii ofschedule BFLA, if any.
In Schedule CG, Table F Sl

Please guide.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 July 2026 You have to fill the relevant tables of schedule CG & BFLA to remove the errors... so that the ITR gets validated.

Sanjay

Sanjay (Querist)
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06 July 2026 sir,
i have validated above error now but i one doubt i.e i have entered loss value in the Capital Gain schedule sl. no. 7 pass through income/loss in the nature of short term gain a. A7a i have entered my current year short term loss 693 before that i have entered some miner correction after validated error free return please guide me its correct to i have entered sl. no. 7 or leave as it earlier.
thanks & regards
sanjay

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 July 2026 No. it is not pass through income. You have to remove the correction and revalidate it.

Sanjay

Sanjay (Querist)
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08 July 2026 ok sir, i have removed it and validated my return filed . thanks you for your valuable guidance always.
thanks sir once again

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 July 2026 You are welcome.

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