Help to calculate net tax payable

Hi – Can someone advice what would be the amount on which I need to pay tax, and further what amount will be carried forward as “Loss”

Total Long Term Capital Gain       :                 6,000
Total Long Term Capital Loss       :               -8,000
Total Short Term Capital Gain     :                 10,000
Total Short Term Capital Loss      :               -30,000
 
Also, I have got:
Bank Interest                                     :               1,000
Dividend on Shares                         :                  600

Awaiting your response - Regards, Jignesh Mehta

Replies (6)

Hi.....

 

According to me, there would be no tax payable..........

hiiiii

There will be no Tax liability.As far as carry forward of loss is concerned-

Long term capital loss-2000/

short term capital loss-20000/-

Hi, Thanks for your response.
"There will be no Tax liability.As far as carry forward of loss is concerned-
Long term capital loss-2000/
short term capital loss-20000/-"

What happens to the Bank Interest & Divident of Share that I have got? Do I have to pay tax on this or do they get adjusted against Long term / Short term loss.
Bank Interest          :               1,000
Dividend on Shares     :                 600
 

Yes.. U r right...

 

Short term loss would be adjusted against the interest and dividend....

 

So there would be no tax payable........

Hiii......

Losses under the head 'Capital Gains' can't be adjusted with the income of any other head whether it is LTCL or STCL. You have to file the return for carry forward of losses. No tax would be payable since your income is below the taxable limit. 

thank you all for the response

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details