1) For AY 2008-2009, I had reported short term loss of Rs 100/-. For AY 2009-2010, I had offset my short term gain of Rs 50/-. For AY 2010-2011, I further offset short term gain of Rs 25/-. So my future offset available balance is Rs 25/-. Your system does not allow me to input the gain of AY 2009-2010 and hence shows future offset value as Rs 75/- instead of Rs 25/-. How to resolve this? Section that deals with this is Schedule CFL in ITR2 2) I did not get Form 16A from the bank on my savings interest credit as well as on Rs 1955/- FD interest. How to input this without filing out schedule TDS2? Your system forces me to enter bank TAN and name. 3) TDS has been deducted on the salary i received but on the interest income it is not and will be paid as Self Assessment Tax. Having said this, why are interest levied u/s 234a/b/c?

 Hello Nandakumar,

     

Answers for your queries are as follows 

      

1. Unfortunatley option is not available, however you can get it done by directly entering the remaining value to be set off in the respective assessment year

For example, in your case the remaining amount to be set off is Rs. 25, so please enter that amount directly thats it 

   

2. Since you do not have form 16A, you can enter your details in Form 16 itself. While entering the details in form 16, you will find the option of interest income. Just enter your interest income there

   

3.  Tax liability is calculated by considering all source of income, in your case the TDS has been deducted only on salary income. Since advance tax is not paid on interest income, there will be penalty u/s 234/a/b/c to the extent of interest income 

    

     

With Regards!!!! 

 Hi,

 Can you provide additional details for item #1? In which page and field do I enter manually the TOTAL balance of losses that can be carried forward?

 As said by you, item #2 is resolved.

For item #3, I had sent you an email. I believe this is still incorrect. Please refer the mail and provide your thoughts.

 Regards

Gurubhai, I am still waiting for an update on my post sent on 5thJuly 2011. Please provide.

  Hi,

 Can you provide additional details for item #1? In which page and field do I enter manually the TOTAL balance of losses that can be carried forward?

 As said by you, item #2 is resolved.

For item #3, I had sent you an email. I believe this is still incorrect. Please refer the mail and provide your thoughts.

 Regards