10 July 2011
SIR, I AM A SALARIED CLASS PERSON AND ALWAYS USE THE IRR I. NOW I WANT TO CARRY MY SHORT TERM LOSS IN SHARES. ON FILLING THE ITR-1 SAHAJ, I FOUND THAT THE TAX WAS CALCULATED LESS FROM ACTUAL TAX PAID BY MY EMPLOYER FROM MY SALARY ON PUTTING THE SHORT TERM LOSS IN PROPRIATE COLUMN. WHAT SHOULD I DO ? I AM FILING E-RETURN BY MYSELF. SINCE THE CACLUBINDIA EXPERT WAS TOLD ME THAT THE ABOVE RETURN COULD BE USED AND SHORT TERM LOSS WOULD BE CARRIED FOR 8 YEARS.
WHAT WILL BE CORRECT TAX AMOUNT? PLS ADVISE. THANKING YOU