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
CAclubindia
