Icome Tax Return Filing

Page no : 2

Ajinkya (Student) (0 Points)
Replied 10 November 2008

i filed the return on due date but i have not considared the business loss in such return, can i file the return revised & can i carried forward the such business loss?

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shareefa (student) (22 Points)
Replied 10 November 2008

Hi,

I am employed with a private limited company. Apart from my salary income I also have traded in securities. help me how to deal with this???

Shareefa

[url=https://www.sreevyshcorp.in]SreeVysh Corp[/url]

praveen (Chartered Accountant) (6971 Points)
Replied 10 November 2008

Originally posted by :shareefa
"	Hi, I am employed with a private limited company. Apart from my salary income I also have traded in securities. help me how to deal with this??? Shareefa [url=https://www.sreevyshcorp.in]SreeVysh Corp[/url]	"

you can just easily make a data entry sheet using excel .

Make columns for when you have bought the shares and when you have sold it. Take the difference between bought and sale figures, and make a column for holding period if the holding period is more than 12 months ignore it u need not pay any tax, but if it is less than 12 months then you have to pay @ 10% on the Capital gain. Take deduction for any short term capital loss

Regards

Praveen M R