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SHORT CAPITAL GAIN DEEMED

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MURALIDOSS

INCOME TAX PRACTITIONER

1329 Points Posted on 13 July 2023

Sir,

As per the share broker's statement there was a net short term capital gain and Net Long term Capital gain Loss i.e., 6500/- is short term gain and 6000/- as long term Loss. Can I declare it in Deemed Short term and Deemed Long term capital gain in itr 2 Form?

Replies (3)

Quick Summary

This discussion clarifies how to report capital gains and losses in the ITR 2 form. Specifically, it addresses a user's query about declaring a net short-term capital gain alongside a net long-term capital loss. The advice given is to fill in the relevant columns accurately rather than using 'deemed' categories, ensuring correct tax filing.