Calculation of loss
This query is : Resolved
Saksham Sachdeva
(Querist)
14 May 2021
Dear Sir/Ma'am, I have bought some shares of a listed company in Dec 2020 and sold them at a lesser price in May 2021.
Purchase was done in FY 2020-21,
Sold in FY 2021-22,
So, overall I faced a loss. My query is:
-> This loss should be included in which financial year's return (ITR), 2020-21 or 2021-22?
Purchase was done in FY 2020-21,
Sold in FY 2021-22,
So, overall I faced a loss. My query is:
-> This loss should be included in which financial year's return (ITR), 2020-21 or 2021-22?
CA R SEETHARAMAN
(Expert)
14 May 2021
Show it in 2021-22 return the year of sale to be considered.
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