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Speculation loss

Rajesh Jain (40 Points)

09 December 2016

In itr4 how and where to enter intraday losses and stcl

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4 Replies

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 09 December 2016

just simply in the business and profession coloum as other business income/loss.

and for stcl stock selling after delivery of stock to your Demat account will only be treated as STCG. Otherwise it will be considered as Business Income.

for ur capital gain receipts u have to file ITR-2 form.

hope it helps

regards

Rajesh Jain (40 Points)
Replied 09 December 2016

Thank u sir.. my doubt is where I have to enter the intraday losses in itr4 .in schedule bp 2a whether I have to enter the loss with a negative sign...

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 09 December 2016

yes to have to enter in -sign

suresh (proprietor) (425 Points)
Replied 09 December 2016

You need to seprate the intra day loss in two segments. If its related to F & O, then it will be a business loss but if its related to Cash segments then it will be a speculation loss.