Tax for salaried person
This query is : Resolved
09 January 2009
Please suggest if a salaried person can claim share loss in his income tax return?
10 January 2009
If the share loss is from his business or profession then he cannot setoff against the salary income.
10 January 2009
If it is taxable under the head capital gains then , the loss cannot be setoff against the salary income.
10 January 2009
Sir,
I had bought shares from my savings in F.Y 2008-09 which were sold at loss. Can i set it off in my return against salary income?
I had bought shares from my savings in F.Y 2008-09 which were sold at loss. Can i set it off in my return against salary income?
10 January 2009
If it is short term capital loss, it can be set off against any long term capital gain.
10 January 2009
If it is long term capital loss it can be set off only against long term capital gain of the next year.
10 January 2009
If you bought the shares in FY 2008-09, then it it short term capital loss and it can be set off only against short term capital gain of the next year.
10 January 2009
Sir,
I have done following under my tax Planning.I am salaries with GI-Rs. 6.72 Lacs:
Medical Insurance U/s 80 D for Self and parents Rs. 15000+Rs. 15000
HRA exemption u/s 13A, Rs.100000 u/s VI, Donation u/s 80 G. I have not taken any home loan.Any other deduction.please suggest.
I have done following under my tax Planning.I am salaries with GI-Rs. 6.72 Lacs:
Medical Insurance U/s 80 D for Self and parents Rs. 15000+Rs. 15000
HRA exemption u/s 13A, Rs.100000 u/s VI, Donation u/s 80 G. I have not taken any home loan.Any other deduction.please suggest.
10 January 2009
there is still scope for deduction u/s 80C for rs 100000.
10 January 2009
U/s 80C for Rs. 100,000.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
