Loss from shares??
This query is : Resolved
01 April 2015
i trade in stocks
intra day
delivery
my query is i have loss under both categories
under which head i can show it in itr
which itr to use
whether set off possible
how long they can be carry forward??
01 April 2015
it is considered as business loss and you need to file itr4 only in this case.
01 April 2015
ITR4S can also be used. Loss can be carried forward for 8 years.
Also see below links for details:
https://www.caclubindia.com/articles/taxation-of-stock-market-profit-and-loss-23321.asp#.VRwKP_mUe3s
Also see below links for details:
https://www.caclubindia.com/articles/taxation-of-stock-market-profit-and-loss-23321.asp#.VRwKP_mUe3s
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