ITR U - HOW TO REPORT PROPERTY SALE LOSS

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M AZAR (Querist)
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14 March 2026 I have sold a property for which I have only Capital loss. If I report it in ITR U it doesn't allow filing. The reporting of loss is merely for informing the government the loss and not to receive the benefit of adjusting the loss for future gains. other than showing a small minor gain and filing the ITR is there any other option? Kindly advice. Thanks in advance.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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15 March 2026 Filing an ITR-U to report a capital loss is legally prohibited under Section 139(8A). Falsifying the numbers to show a minor gain is not recommended as it creates document mismatches and compliance risks. The most professional and compliant way to inform the government of this loss is by submitting explanatory feedback directly against the transaction in the Annual Information Statement (AIS) portal.

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