Itr-1 ot itr-2 for pensioner with capital loss
This query is : Resolved
19 July 2012
My father is a pensioner and has income of 2.6 lacs . Interest income from fixed deposit is 60000 ,80C deduction 6500 , short term capital loss form shares is 50000 . which ITR is to filed and how to enter loss and carry forward the loss .
19 July 2012
He should file ITR 2
19 July 2012
Short term capital loss can be set off against S.T.C.G or L.T.C.G.
So in your case it needs to be carried forward until you have some Capital Gain
So in your case it needs to be carried forward until you have some Capital Gain
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