Dear experts,
This year's ITR-2 looks very detailed compared to last year one!
For AY2014-15, I am filing ITR-2. Though my income is far less than the minimum bracket, I am filing returns to carry forward my accumulated Stock Trading Losses and get back TDS (deducted by the bank for FDs). My income was from bank interests, company dividends and a little profit from stock trading.
My queries
1) I drew no salary for this year. So I believe in the page "PARTB-TI-TTI-SAL", I can leave all fields vacant, except my bank account details. Please confirm.
2) I have paid insurance premiums, House rent, charity donations (80G) etc. Since my salary income is ZERO, does it make any sense to fill in these details? Are these are applicable to only salaried income or total income?
3) Since some years, I have been accumulating short term losses under stock trading. But last year (AY2013-14), I made a small profit. How can I reduce/re-adjust my accumulated short term losses under CFL. I find no way to show my profits for 2013-14. Should I just leave that row vacant? Do the servers of IT department take care of that?
Regards,
Harsha Vardhana R
CAclubindia
