ITR-3 - F&O Loss adjusted against business income but Schedule CFL shows Nil

Hello Experts,

I am filing ITR-3 for AY 2026-27 and need your guidance regarding F&O loss carry forward.

My details are:

  • Business Income under Section 194C: ₹369,600
  • F&O (Non-Speculative) Loss: ₹96,908
  • Interest Income: ₹1,276
  • Short-Term Capital Gain (STCG): ₹2,855

In Schedule BP, the income under "Profits and Gains from Business or Profession" is showing ₹272,692, which is exactly ₹369,600 - ₹96,908.

However, in Schedule CFL, the following is shown:

  • Current year losses to be carried forward: ₹0
  • Total loss carried forward: ₹0

My understanding is that the F&O loss has already been adjusted against my business income, so no balance loss remains for carry forward.

Could you please confirm:

  1. Is this treatment correct?
  2. Is it normal for Schedule CFL to show Nil in this situation?
  3. Can I safely submit my ITR-3 with these figures?
  4. Is there anything I should verify before filing the return?

I can also share screenshots of Schedule BP and Schedule CFL if required.

Thank you for your guidance.

Replies (1)

The treatment is completely correct and normal; because the current-year F&O loss was fully absorbed by your other business income, no loss remains to be carried forward, rendering Schedule CFL correctly as Nil.

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