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Query Regarding Carry Forwarding a loss after setting some of it in previous year

ITR Filing 320 views 1 replies

Dear Sir/Ma'am,

I have a query which I have given below. If you can throw some light on it then it will be really helpful.

I was having a Short Term Capital Loss of Rs. 80,000/- in FY 2020-2021. I carry forwarded it. In ITR of FY 2021-2022 ITR I had Short Term Capital Gain of Rs. 10,000/-. This Rs. 10,000/- got adjusted automatically against FY 2020-2021 loss of Rs. 80,000/- and Rs.70,000- got carry forward.

Now my query is while filing ITR for FY 2022-2023 in Carry Forward Loss Table should I mention losses of FY 2020-2021 as Rs. 70,000/- or Rs. 80,000/-. If I have to mention Rs. 80,000/- then how do I tell them that I have already set off Rs. 10,000/- in FY 2021-2022.

Replies (1)

Now you have fill revised figure as 70K, for any set off or to be carry forward.

If you download prefilled ITR, the loss would be indicated in it as 70K only.


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