20 June 2023
Dear Sir/Madam My client filed return having Speculative Loss And Short term gain , which was adjusted in Return suo moto by Dpt portal for AY 2021-22, He also had un claimed B/F Capital loss , Now they seek clarification on the amount adjusted , as they consider that it could not be adjusted making STCG consider in income , There is no provision in portal to explain them , that if they seek speculative loss not adjusted against capital gain of CY ,then so called STCG should be adjusted agst b/f capital losses
20 June 2023
In the initial stage itself, you should not have accepted the adjustment by portal, while filing return. Reply to the query under the link provided to the query itself, with the detailed adjustment with c/f. ST loss
CAclubindia
