Money lost in stock market related scam
This query is : Resolved
Quick Summary
23 July 2025
Dear Sir/ Madam,
Mr. A, a senior citizen, trades in the stock market and the F&O market, generating LTCG, STCG, and F&O profit and loss. He lost Rs. 20 lakhs in stock market-related online scam. He filed FIR, etc.
How can we treat this scam loss? Can it be set off against F&O profits?
Please guide.
Regards,
Suraj
Mr. A, a senior citizen, trades in the stock market and the F&O market, generating LTCG, STCG, and F&O profit and loss. He lost Rs. 20 lakhs in stock market-related online scam. He filed FIR, etc.
How can we treat this scam loss? Can it be set off against F&O profits?
Please guide.
Regards,
Suraj
Dhirajlal Rambhia
(Expert)
24 July 2025
Whether the scam was anyway related to the the F&O trade?
Message likes :
1 times
24 July 2025
No sir. It was related to buy sell of shares, ipo shares. Not related to f&o trades.
Dhirajlal Rambhia
(Expert)
24 July 2025
So, you can claim it against your capital gains & not from F&O market trade.
Message likes :
1 times
25 July 2025
Thank you, sir.
How can it be claimed against capital gain? I mean, how to show in itr?
How can it be claimed against capital gain? I mean, how to show in itr?
Dhirajlal Rambhia
(Expert)
25 July 2025
Same as the in Schedule 'capital gain'. The amount invested minus amount realized/about to be realized would be capital loss.
Message likes :
1 times
26 July 2025
Sir, they just shared fake details on WhatsApp. No actual transactions were carried out nor the purchase cost-sale amounts provided, no documents... it happened on WhatsApp... now those messages are also not available.. so difficult to show as any purchase or sale amount...
Dhirajlal Rambhia
(Expert)
26 July 2025
Without any evidence you cannot claim any gain/loss. Better to get proof; or forget it forever.
Message likes :
1 times
Dhirajlal Rambhia
(Expert)
27 July 2025
Good Luck...
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