Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices later

A Chartered Accountant has identified a technical error in the ITR-2 online utility, causing inconsistencies between loss adjustment and carry forward schedules. This glitch may lead to incorrect carry-forward of losses, potentially resulting in scrutiny notices and complications for taxpayers with capital gains income. The Income Tax Department is currently investigating the issue.