Capital gain query - Mistmatch amount error in capital gain and BFLA section?

[Hemant K]

I have capital gain of 710067. after expenditure it comes 707994.

Before 23rd July 2024 having 707994 and after 23rd July 2024 capital gain 4305.

In capital Gain Section F udpated as follows

1 . STCG 15% -  upto 15/6(i) - 0, 16/6 to 15/9(ii) - 707994

2. STCG 20% -   upto 15/6(i) - 0, 16/6 to 15/9(ii) - 0,16/9 to 15/12 (iii) - 4305,16/12 to 15/3 (iv)-0,16/3 to 31/3 (v) - 0.

 

In BFLA 5 of Schedule CYLA VIA(STCG 15%) - 707994 and VIB(STCG 20%) - 4305.

 

But after completion getting error - 

Field Name Short-term Capital gain taxable at rate 15% - In Schedule CG, Table F Sl No 1 the breakup of all the quarters is not equal to the value from the item 5via of schedule BFLA.

 

Can you someone assist me here?

[Rajan Kumar and associates]

Declare net Capital Gain after set off losses in that year & set off of brought forward losses

[Hemant K]

Thanks, I did same later. It worked thanks :)

AI Summary

Capital gain reporting mismatch can occur from unreconciled quarterly breakups; declare net gain after set-offs to resolve the error. Capital gain reporting mismatch occurred because the quarterly breakup of short-term capital gains in Schedule CG, Table F did not reconcile with the aggregate figure reported in Schedule BFLA. The operative remedy is to declare the net capital gain after applying current-year set-offs and brought-forward losses so that the Table F quarterly totals equal the Schedule BFLA aggregate, resolving the validation error.