Long term capital loss on Indexation on sale of Residential Property

It is glitch in the software, losses are not considered anywhere. Better to report the error under 'Greivances' allongwith screenshot.

ANY SOLUTION?? @ MANISH SHAH     FACING SAME ISSUE??

For a residential property acquired before 23 July 2024 and held for more than 24 months, the pre-amendment indexed computation may be relevant for a resident individual or HUF under the grandfathering relief, where it results in lower tax. The comparison is of tax payable under the old indexed method and the amended 12.5% method—not simply which method shows a loss. The relief does not generally convert a loss under one method into a claim to set off that loss against other income.

Check the acquisition date, transfer date, cost and improvement details, and whether the return’s computation is correctly reflecting the applicable resident-individual/HUF relief. If the ITR-2 utility is not applying the comparison correctly, verify the latest utility and filing instructions before submission; the exact correction depends on the assessment year and the figures shown in the computation. Do not accept a “loss limited to zero” result without checking which computation the utility is using.

This comparison is part of a broader capital-gains return review, including cost records, holding period and the resulting tax computation. Manual checks across property transactions and return schedules can be difficult; automation reduces repetitive work while professional judgment remains in control. At Jir AI we provide 2,000+ AI agents and 650+ integrations to streamline your practice’s day-to-day workload. For a practical walkthrough, connect with us on WhatsApp: https://wa.me/message/3HVOZ7HIY4ESC1