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Long term capital gain

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rana

self employed

20 Points Posted on 20 September 2020

hi

I have 2 property sold out last year one on Aug-2019 from which I have loss and other one on October-2019 thru which I have earned profit because of high stamp value.

In tab CG of itr3 both loss and profit were set off but at the bottom of that page we have a tabular format which is not taking any negative figure. That tabular forgot says applicable CApital gain / date. So, how can I show my loss during the period of August end there as it's not taking any negative value ? As per my knowledge that table needs to be filed up manually by assessee only.
thanks
Rana

Replies (3)

Quick Summary

This discussion addresses a query regarding the reporting of long-term capital gains and losses in an ITR3 form. The user sold two properties in 2019, one resulting in a loss and the other in a profit. While the CG tab allows for offsetting, a specific tabular format at the bottom is not accepting negative figures for the loss. The user seeks guidance on how to accurately report this loss in the designated table.