Dear Experts,
This years, I had losses (both short and long term) from stock trading. I would like to file my return (ITR-2) to carry forward my STCL though my total income is less than the minimum.
Does it make any sense to show my LTCL under section CG-B-3 (From sale of listed securities or units or zero coupon bonds where proviso under section 112(1) is applicable) ? I believe that LTCG from shares, is completely free from any tax and so LTCL from shares, can't be set-off or carried-forward.
Also for both STCL & LTCL, is it mandatory to show the "Information about accrual/receipt of capital gain" under CG? It gives the period split-ups like upto 15/9, 15/12 etc. For me some periods had gains (even under STCG), though the total is negative. I tried filling -ve alues (losses), it warned me that I can enter only 'non-negative, non-decimal, upto 14 digits'.
Regards,
Harsha Vardhana R
CAclubindia
