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Which itr to use having salay income and capital loss, to carry forward cpaital loss

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Mahender Singh

STUDENT

156 Points Posted on 08 January 2021

I have capital loss in FY2019-20 AY 2020-21. i have filled return using itr1 and had not carry forward the capital loss( due to sale of shares). Did i have to file revised return to carry forward the losses or I can mention them in Itr of AY2021-22???

Please tell which Itr form I have to use , as I have income from salary and capital loss(I want to carry forward the capital loss).

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Quick Summary

This discussion addresses how to handle capital losses from FY2019-20 when you have salary income. The user initially filed using ITR-1 but didn't carry forward their capital loss from share sales. Advice suggests revising the FY2019-20 return using ITR-2, or if that's not possible, ensuring the capital loss is correctly reported and carried forward in the AY2021-22 return, also likely requiring ITR-2.