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Notice for Claiming Loss

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Nikhil George

22 Points Posted on 01 August 2020

Help on this :)

I have filed my original return for the AY 2019-20 but after the due date. And I haven't claimed a deduction for the capital loss I had, in my original return.

I got a notice due to some mismatch in the TDS amount shown in ITR and 26AS. And I had to file a revised return on that.

Now the issue I am facing is that my Capital loss is getting automatically popped up in Schedule CFL as Current year loss carried forward. This field seems to be non-editable. How can I remove this since it will result in claiming of current year loss?

Replies (1)

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 02 August 2020

Capital loss is getting automatically popped up in Schedule CFL as Current year loss carried forward. This field is non-editable.

If you don't want to show your current year loss in return than, you are required to delete your current year loss claim which is I think automatically filled up in schedule CG.

If you remove figure of claim from Schedule CG than its automatically also removed from schedule CFL,.. because if there is no loss than there is no C/f loss.