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Long/short term capital loss in shares

ITR Filing 491 views 14 replies

Can government employee show short/long term capital loss from share market due to equities at ITR ?

If yes then can same be shown at ITR-1 online itself ?

Kindly let me know , thanking you.

 

Replies (14)

1. Yes

2. No.  File ITR 2.

You have to file iTR 2
Thanks for reply...can one file ITR 2 onli e like ITR 1 or have to file it through excel file and upload?
Thanks for reply...can one file ITR 2 onli e like ITR 1 or have to file it through excel file and upload? Read more at: https://www.caclubindia.com/forum/long-short-term-capital-loss-in-shares-524081.asp#reply

Not possible to file online.

ITR2 is to be prepared offline, and upload its X M L file after login.

Thanks...one last question can one carry on capital loss ( due to investment in equity mkt) incurred during this financial year to next financial year so that it would be adjusted again any capital gain ( incase) ...?

Yes, definitely; but file return before 31.08.2019, with loss declaration.

Suppose if I have shown long short term capital loss 9 lacs and Income from sal 8 lacs TDS, Advance tax, income tax paid  78k..Now after putting all figures in itr 2 and carry forward losses 9 lacs..it is showing at amount refundable section 78k (entire tds and tax paid).. if the losses are being carried forward why it is showing tax paid sal and other as refundable... Thanks..

Validate the sheets individually,

Or there must be some fields not properly filled. Get it checked from an expert.

Many thanks for valuable guidance...after validating each sheet and calculation of tax it is showing everything properly...

Well, I hope query resolved......... If not....

What are the figures in 'Schedule CFL', Column 4 & 5 ... Rows xi & xii ???

At CFL column 4 and 5 rows xi and xii both showing short term capital loss and long term capital loss respectively..i.e 3.4 lacs and 5.4 lacs respectively...
But at X M L generated it is showing as CFL EMPTY NA respectively

Check you have used latest utility downloaded after the system compatibility.

If problem persists, call helpline.


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