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:
- Is this treatment correct?
- Is it normal for Schedule CFL to show Nil in this situation?
- Can I safely submit my ITR-3 with these figures?
- 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.