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CG Loss benefit in ITR

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Rasheed Mohd Abdul

Retired Banker from a Public Sector Bank

40 Points Posted on 18 September 2025

Dear Sir,

I have loss of Capital Gains during the FY 2023-24(AY 2024-25) duly computed with indexation benefit and ITR is filed successfully for that year and LTCG loss is carried forward.

This year ie FY2024-25(AY 2025-26), I have a profit(Less than the loss of previous year) caluculated with indexation benefit though the property in question was acquired in the year 2016 and sold after 23th July 2024.

While filing ITR online(e-filing), system is not extending the benefit of indexation though showing the statistics in the computation of income. Surprisingly, system has computed small amount of capital gains tax(4213) though there is net loss of above 25K.

As I could not find a solution after expolring various options, I have filed the return as generated by the system to adhere filing before due date.

Please guide.

Best Wishes,

M.A.Rasheed

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211767 Points Posted on 18 September 2025

If there is a genuine computational error or system glitch (e.g., carried forward losses not being set off correctly), file a grievance with the Income Tax Department via the e-filing portal under 'Grievance Redressal' and attach necessary details.

Monitor for any future CBDT clarifications or updates, as software glitches can sometimes be addressed through system corrections, especially when many users face such issues.

One can revise the return if the system allows, or take up the matter during assessment if called upon.