11 August 2016
THERE IS A CLIENT HE FILE ITRV AND HE DINT SHOW SECTURITIES LOSS OF 350000 AND THE TRANSACTION WAS OF 3 CRORE.NOW HE GOT A NOTICE FOR CLARIFICATION..AND ALL THESE WAS OF AS YR 2014-2015...PLZ HELP....HE WAS INVESTOR....HE SHOW HIS SALARY INCOME AND OTHER INCOME IN ITR....PLZ HELP EXPERTS.....
11 August 2016
It is left to the option of the assessee to declare short term or long term capital loss in the return. Reply to the notice as your client is an investor and incurred only capital loss hence not disclosed in the return.
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