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Carry forward losses short term written.

TANUJ KHATRI (8 Points)

08 August 2020

In which section to write short term losses in normal or PTI for short term loss in share trading ?

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3 Replies

rama krishnan (12234 Points)
Replied 09 August 2020

Loss from share trading (Intraday) is speculative and the same cannot be set-off against the income under any other heads. it has to be set-off against the profit from speculative business only

TANUJ KHATRI (8 Points)
Replied 09 August 2020

Where to write short term loss ( share trading) in normal or PTI section in carry forward section??

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 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.