Offsetting intraday loss from equity

Tax queries 337 views 1 replies
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DM
28 Points Joined January 2015

I have the following income:

Salary Income: Rs. 6 lakh

LTCG from equity: Rs. 18000

STCG from equity: Rs. 31000

Intraday loss from equity: Rs. 2000

Question: How is intraday loss from equity to be offset? Should it be against Salary or should it be against STCG? Also, if you could indicate where exactly in the ITR-2 Excel sheet this would go, I would be most grateful.

 

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On 15 March 2015 at 12:22 Report
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learner
340 Points Joined February 2010

ltcg on equity is exempt. stcg is taxable @ 15% u/s 111a. i think loss from intraday can be treated as business loss . this is my view 

 

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On 15 March 2015 at 13:47


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