Loss on shares
This query is : Resolved
26 July 2013
Hii
My Uncle is a retired employee and receiving pension from bank. He had invested in shares and incurred loss during the previous financial year 12-13. So can he claim this loss in his return. How to show it and which ITR to be filled???
My Uncle is a retired employee and receiving pension from bank. He had invested in shares and incurred loss during the previous financial year 12-13. So can he claim this loss in his return. How to show it and which ITR to be filled???
27 July 2013
The Short term as well as long term capital loss can not be set off agaist pension income. However you can carry forward the same for next 8 assessment year. You shoud report the same in ITR-2.
27 July 2013
no set off allowed and file itr-2.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
