Income loss in ITR2
This query is : Resolved
19 July 2022
Hi all, how to show Income loss in ITR2 for individiduals.
I am planning to capture the erosion in FDs like DHFL in which depositors lots more than 70% of their invested amount [after insolvency settlement] as a Income loss. Is there a specific section where this can be captured
I am planning to capture the erosion in FDs like DHFL in which depositors lots more than 70% of their invested amount [after insolvency settlement] as a Income loss. Is there a specific section where this can be captured
19 July 2022
Capture it under long term capital gains schedule.
Enter purchase value and realised value you will get long term capital loss.
It can be adjusted against current year long term capital gains or carried forward.
Enter purchase value and realised value you will get long term capital loss.
It can be adjusted against current year long term capital gains or carried forward.
19 July 2022
Thanks for your reply. The money lost is not in Equity or MFs. It is the original invested money in FD whose interst is always accounted in regular income as income from other sources. Is there a way to show part of income loss for individiuals and I presume that is what will be done by institutions who have incurred losses
19 July 2022
In such a case no loss can be claimed, it's only business loss can be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Taxation in the hands of Landowner under JDA
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
