Declaring loss in STCG

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Freelancer
78 Points Posted on 08 June 2022

My STCG gain was 30575 and loss was 28952. When filing the return, do I have to mention the difference in gain?

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On 08 June 2022 at 15:17 Report
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Quick Summary
When filing your tax return, you must declare both your Short Term Capital Gains (STCG) and your Short Term Capital Losses (STCL) separately. The STCL can then be used to offset your STCG, reducing your overall taxable gain. Ensure both figures are clearly shown on your return for correct adjustment.

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Profession Business
28246 Points Posted on 09 June 2022
Short term Capital gains loss was 28952. Short term Capital loss can be adjusted against short term Capital gain
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On 09 June 2022 at 10:49
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Freelancer
78 Points Posted on 13 June 2022

Thanks for your response 

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On 13 June 2022 at 09:56
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Chartered Accountant
86505 Points Posted on 16 June 2022
You have to show both separately and same will be adjusted
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On 16 June 2022 at 08:39

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