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Itr form

ITR 198 views 2 replies

Hi 

I am a salaried individual . And I invest in stock markets also .

I have incurred Short term capital loss (STCL) in last year(FY 2017-2018 )by selling stocks .

For most of the stocks I take delivery. Could anybody suggest which ITR form  (ITR1/ITR2/ITR3/ITR4/etc.) is 

applicable to carry forward the losses made in stock market.

Thanks 

Soumya

Replies (2)
ITR 2 is to be used by an individual or a Hindu Undivided Family whose total income for the AY 2018-19 includes:-

Income from Salary/Pension; or

Income from House Property; or

Income from Other Sources (including Winnings from Lottery and Income from Race Horses).

(Total income from the above should be more than Rs 50 Lakhs)

Income from Capital Gains; or

Income of a person as a partner in the firm

Foreign Assets/Foreign income

Agricultural income more than Rs 5,000

Further, in a case where the income of another person like one’s spouse, child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.

So for my situation I need to file under ITR 2 to report Short Term Capital Loss.

is that right?

Thanks 

Soumya 


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