I am filing my ITR using form 3, (having income from Profession – ‘Accounting and book keeping services' as per section 44AA, I don't have to maintain books of accounts. I have CFL - STCL and LTCL). As required, I have attached the PDF file for the query.
I have again used the Offline utility version: 1.0.17, and have only one point unresolved, which is not getting the correct offset of LTCG for current year, FY 2020-21 which is only Rs.27,539.00 (Current year STCL: 89.00 and LTCG is Rs.27628.00). This Capital gain falls under the category of Section 112A and the MF were acquired after January 2018. As per the provision of Income tax, there is an exemption up to Rs.1,00,000.00 is available, which is not being computed by the utility. Utility is offsetting this profit against CFL of earlier years instead of providing exemption in current year. Kindly guide how to proceed with this?