SV (DM) (28 Points)
15 March 2015I have the following income:
Salary Income: Rs. 6 lakh
LTCG from equity: Rs. 18000
STCG from equity: Rs. 31000
Intraday loss from equity: Rs. 2000
Question: How is intraday loss from equity to be offset? Should it be against Salary or should it be against STCG? Also, if you could indicate where exactly in the ITR-2 Excel sheet this would go, I would be most grateful.
vijay singla
(learner)
(340 Points)
Replied 15 March 2015
ltcg on equity is exempt. stcg is taxable @ 15% u/s 111a. i think loss from intraday can be treated as business loss . this is my view
CAclubindia
