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Shares loss

sunil (business) (74 Points)

05 August 2016

Sir,

i had a loss in shares in equities trading aswell as F & O . Is it a must to show these losses in ITR-5. ? Also please inform whether losses in both these equities aswellas F &O can be carried forward for next years ? Pl advise.

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6 Replies

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 05 August 2016

Are these short terms?? I guess you can easily carry these to future years

sunil (business) (74 Points)
Replied 05 August 2016

sort term only. it was during 2015-16 financial year.

sunil (business) (74 Points)
Replied 05 August 2016

sorry, short term only

saurabh kumar (Tax Consultant) (348 Points)
Replied 05 August 2016

Yes it is necessary to show these losses.you can carry forward these losses up to 8 yrs. and can be set off against any other business income if any.

saurabh kumar (Tax Consultant) (348 Points)
Replied 05 August 2016

I am sending a link kindly go through this and you will be able to judge whether your income is speculative or not?

sunil (business) (74 Points)
Replied 05 August 2016

thank you for your advise sir.Butsomebody told that the losses in F @ O comes under speculativeand these losses can't be forwardedand only the equities lossescan be forwarded.pl help meinthis regard