Schedule SI when CFL larger than STCG and LTCG

Dear All,

I am a Non-resident filing ITR2. I have interest income less than Rs 10000 (savings account). I also have some CG from shares trading. I have both STCG under 111A and LTCG under 112A. I also have CFL from previous tax filing. The value in CFL is larger than total STCG + LTCG this year. Hence, schedule SI has zero for all values.

When I try to upload my tax, I get the following error. "Taxpayer can not offer income chargeable at special rates in Schedule Part B-TI without mentioning the same in respective schedules". Clicking on the error takes me back to Schedule SI. 

To me this appears to be an error in Tax filing software. I have 2 questions,

1. For my situation Schedule SI is zero. Is that incorrect?

2. How does one file bug report at the new tax website/filing software?

Replies (1)

Hey Prasanna, thanks for sharing the details—this is a common confusion when carrying forward losses (CFL) exceed current year capital gains (CG). Let me break it down for you:


1. Is it correct for Schedule SI to show zero if CFL > STCG + LTCG?

✅ Yes, it’s correct.

  • Schedule SI is for declaring taxable capital gains under special rates (like STCG under section 111A and LTCG under section 112A).

  • If your carried forward losses (CFL) fully absorb your gains, your net taxable gains become zero.

  • So, Schedule SI will show zero taxable gains, and no tax is payable on these capital gains this year.


2. Why does the error "Taxpayer cannot offer income chargeable at special rates in Schedule Part B-TI without mentioning the same in respective schedules" occur?

  • This error happens because Part B-TI (Total Income) shows some capital gains (chargeable at special rates), but Schedule SI does not reflect them since the net gains after CFL adjustment are zero.

  • The tax software expects you to declare capital gains before set-off of losses even if after set-off it’s zero.

  • Essentially, capital gains must appear in Schedule SI regardless of whether the net taxable gain is zero or not.


How to fix it?

  • Try entering the gross capital gains (STCG under 111A and LTCG under 112A) in Schedule SI, and separately show the set-off of the CFL to reduce taxable gains to zero.

  • Some software versions have a separate section or checkbox for CFL adjustment; ensure you use that to correctly reflect the carry-forward loss utilization.

  • If the software lacks this feature, it’s a bug or limitation.


3. How to file a bug report on the new Income Tax e-filing portal?

  • Visit the Income Tax e-Filing portal: https://www.incometax.gov.in/iec/foportal/

  • Scroll down to the “Help & Support” section.

  • Use the “Raise a Request” or “Grievance” feature to report issues.

  • You can also send feedback or report software bugs via the Contact Us or Feedback form.

  • Additionally, if you face urgent issues, you can call the e-filing helpdesk (the number is available on the portal).


Summary Table:

Question Answer/Action
Schedule SI zero due to CFL > gains? Correct — taxable capital gains net to zero
Error on upload about missing special rates Software expects gross gains to be shown in Schedule SI
How to fix? Enter gross gains, show CFL set-off correctly
How to report software bugs? Use “Raise a Request” or “Grievance” on e-filing portal

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