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Loss on shares

This query is : Resolved 

26 July 2013 Hii
My Uncle is a retired employee and receiving pension from bank. He had invested in shares and incurred loss during the previous financial year 12-13. So can he claim this loss in his return. How to show it and which ITR to be filled???

27 July 2013 The Short term as well as long term capital loss can not be set off agaist pension income. However you can carry forward the same for next 8 assessment year. You shoud report the same in ITR-2.

27 July 2013 no set off allowed and file itr-2.


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