banner_ad

Share market income tax calculation.

Tax queries 276 views 3 replies

Hello,

A software professional makes a revenue of 20lakhs in a year. Will use 44ada for this.
So profit is at 10lakhs.

She also does share trading.
Intraday profit: 1lakhs.
Short term capital Loss: 2lakhs.
Future and Options Loss: 3lakhs.

She used margin trading, so she was charged interest of total 2.5 lakhs.

How does this work? Which losses can be carried for how many years so it can cover next years profit(if any).

Also, where can this margin trading interest be deducted from?

Thanks for your help.

Replies (3)

yes he can use 44ada (technical consultancy and  Information technology )

both the losses u can carred forward for 4 years 

but for 44 ada conditoin is appled when loss is there or under tax audit 

loss from speculation business can be carry forward to only 4 years

Thanks for replying.

4hrs both for Short term capital losss and speculative loss?

I heard 7years for some. What is that then?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details