Sale of mutual fund
This query is : Resolved
25 July 2013
Hi My friend is salaried person and he has paid TDS on his salary during last year. He also sold shares and mutual funds and suffered loss in it. Is it necessary to show it in income tax return If yes then How to show it in ITR1? Kindly give me suggestion on it.
Transaction relating sale of mutual funds roported in salary bank account shown & prrson having salaried income need to file ITR 1 then how to show loss of sale in mutual fund in it.
Transaction relating sale of mutual funds roported in salary bank account shown & prrson having salaried income need to file ITR 1 then how to show loss of sale in mutual fund in it.
26 July 2013
U need to file ITR2 for claiming losses under the head capital Gain in your case
02 September 2013
If it is Equity base then the benefit of carry forward will not be allowed as LTCG on shares etc are exempted
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