Money lost in stock market related scam
This query is : Resolved
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
24 July 2025
Whether the scam was anyway related to the the F&O trade?
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24 July 2025
No sir. It was related to buy sell of shares, ipo shares. Not related to f&o trades.
24 July 2025
So, you can claim it against your capital gains & not from F&O market trade.
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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?
25 July 2025
Same as the in Schedule 'capital gain'. The amount invested minus amount realized/about to be realized would be capital loss.
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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...
26 July 2025
Without any evidence you cannot claim any gain/loss. Better to get proof; or forget it forever.
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1 times
27 July 2025
Good Luck...
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