Showing carry forward short term capital loss in itr-2

Show carry forward short term capital loss of 2,00,000 for FY2015-16..............

what if a person dont want to carryforward loss

Interesting question, I have often thought about it but haven't used it so far. Here are my suggestions in this case:

i) One option is you can file late return. The loss won't be allowed to be carried forward.

ii) If loss is from derivatives or day trading you can use presumptive taxation method i.e. 44AD.

May I know why you would not like to take this advantage? I have seen people deliberately making short term capital loss and reporting it in income tax return to cover up their short term capital gains.

As i want to stop equity market transaction and even i am filing late return

if we dont want to carry forward loss is it neccessary to mention in itr about your loss

I am not absolutely sure about the law on this. But here is my take:

So far I haven't heard anyone being penalized for paying more tax than required. However overpaying tax is different from overstating income, that you can definitely be penalized for. Your case can be classified on both based upon what your intent is.

If you dont carry forward loss than the loss must be deducted from capital

Guys I am new to this F&O tax section... so need expert advice..... I am a salaried employee and filling ITR on timely basis since last 4 Years...

Now the question is in FY14-15 i had a loss of 10 lacs, in FY15-16 loss of 2.5 lacs and in FY16-17 loss of 2.5 lacs , and didn't show it any where...
For how many previous years I can show the stock market short term capital losses ?
can I carry forward all the last 5 years losses ?
can I show all these loss later on ?
should I continue to fill ITR of this year on 31 July 2017 and later on I can carry forward all last years loss ?
Which all forms I need to fill along with ITR 1 ?
or I can show all these things in ITR -1 itself ??

I am based out at Pune please help me, or contact me on 9673666550....

which itr you filing itr2 or itr4 in previous years

In which section loss has to be reported? BFLA schedule doesnt show current year loss figures. Is there any other place in CG schedule to fill the loss figures for current year?