babugr (dgm) (509 Points)
17 June 2016I filed ITR2 in AY14-15 as there was a long term capital gain and similarly for AY15-16 filed ITR2 as there was a small gain on STCG. For AY15-16 there is a loss on equity sale. Please clarify, is it necessary to file ITR2 if I ignore and proceed with ITR1 as my source of income is pension + bank interest only. I don't want to declare the STCG loss and carry it for future.
thanks
GR Babu
Sumit
(Tax Practitioner)
(55 Points)
Replied 17 June 2016
You can adjust your STCL in A.Y.2015-16 against your STCG which u have earned in A.Y.2015-16.Anyway if u don't want to carry forward your STCL.Then you can do so.
Vijay Lodha
(Owner)
(36 Points)
Replied 17 June 2016
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- Vijay Lodha
babugr
(dgm)
(509 Points)
Replied 17 June 2016
sorry there is a minor error. STCG in AY15-16 +4300, STCG in AY 16-17 is -7300, I do not desire to file ITR2, hope it is ok
Sumit
(Tax Practitioner)
(55 Points)
Replied 18 June 2016
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