Loss on share in ITR

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Chief Accountant
3150 Points Posted on 19 September 2020
I am salaried person, if I have a loss on share, which I don't want to claim or carry forward, than its ok if I don't show that loss in return.. and file ITR 1, otherwise I have to file ITR 2 ..

kindly guide in this matter..
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On 19 September 2020 at 22:32 Report
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Quick Summary
If you've incurred a loss on shares and don't wish to claim or carry it forward, you might be able to file ITR 1. However, if you choose to declare the loss, you'll need to file ITR 2. You can use the capital gains statement provided by your broker to declare income from trading in shares and securities.

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In Practice
1951 Points Posted on 20 September 2020

It is better to show loss on sale of shares and file ITR 2. 

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On 20 September 2020 at 23:32
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Chief Accountant
3150 Points Posted on 22 September 2020
Can I show capital Gain as per Capital Gain statement received by me from my Broker ?
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On 22 September 2020 at 11:15
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In Practice
1951 Points Posted on 12 October 2020

Yes. You can use capital gain statement issued by the broker for declaring the income from trading in shares & securities

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On 12 October 2020 at 01:34

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