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
- Fixe term employment
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- 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
