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Carry forward losses

08 August 2020

I had loss of 9000 in short term in trading previous year which is set off this year in which section of carry forward losses short term I have write this loss in normal or PTI?

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 10 August 2020

An assessee has to include details of any pass-through income (PTI) from a business trust or an investment fund. If You received STCG from BT/IF than you are required to disclose that in PTI column.

But, As in your case your STCG of 9,000 is related to trading activity carried out by you (trading in share and securities), than you are required to disclose your STCG in Normal column of carry forward section.