Sale of mutual fund
This query is : Resolved
25 July 2013
Hi My friend is salaried person and he has paid TDS on his salary during last year. He also sold shares and mutual funds and suffered loss in it. Is it necessary to show it in income tax return If yes then How to show it in ITR1? Kindly give me suggestion on it.
Transaction relating sale of mutual funds roported in salary bank account shown & prrson having salaried income need to file ITR 1 then how to show loss of sale in mutual fund in it.
Transaction relating sale of mutual funds roported in salary bank account shown & prrson having salaried income need to file ITR 1 then how to show loss of sale in mutual fund in it.
26 July 2013
U need to file ITR2 for claiming losses under the head capital Gain in your case
02 September 2013
If it is Equity base then the benefit of carry forward will not be allowed as LTCG on shares etc are exempted
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
