19 July 2022
Hi all, how to show Income loss in ITR2 for individiduals.
I am planning to capture the erosion in FDs like DHFL in which depositors lots more than 70% of their invested amount [after insolvency settlement] as a Income loss. Is there a specific section where this can be captured
19 July 2022
Capture it under long term capital gains schedule. Enter purchase value and realised value you will get long term capital loss. It can be adjusted against current year long term capital gains or carried forward.
19 July 2022
Thanks for your reply. The money lost is not in Equity or MFs. It is the original invested money in FD whose interst is always accounted in regular income as income from other sources. Is there a way to show part of income loss for individiuals and I presume that is what will be done by institutions who have incurred losses
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