24 June 2014
MY SALARY IS NOT TAXABLE BUT I HAVE DONE TRADING IN EQUITY AND SPECULATION LOSS IS Rs. 6000/- AND SHORT TERM CAPIAL LOSS IS Rs.4000/- HOW TO PREPARE INCOME TAX RETURN GUIDE ME?
24 June 2014
Speculation loss & short term capital loss cannot be set off against income from salary hence, it can be carried forward for set off in the next years only if return is filed for it.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
25 June 2014
HOW TO ENTER IN INCOME TAX RETURN (ITR2) GIVE ME SOME EXAMPLE OF THIS FILE
25 June 2014
Enter your net salary under salary head suppose 180000 p.a.which is within taxable limit. Show speculation loss under the head PGBP as business loss and short term capital loss under the head capital gains as capital loss.