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Income tax

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(Querist)
20 May 2014 one salaried individual person purchase of shares with his salary.With that shares he was doing share trading. In that trading he got loss. How can Adjust his loos? Weather in income from salary or other income(loss)?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 May 2014 cannot be adjusted against salary. adjust against other incomes.
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T VEERANJANEYULU

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T VEERANJANEYULU (Querist)
20 May 2014 Sir,
There is no particular other income for him.Because he has not having any other business.
How can we adjust against other income.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 May 2014 then you cannot adjust the loss.
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