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Short term capital gain/loss - equity sale

Tax queries 315 views 4 replies

I filed ITR2 in AY14-15 as there was a long term capital gain and similarly for AY15-16 filed ITR2  as there was a small gain on STCG. For AY15-16 there is a loss on equity sale. Please clarify, is it necessary to file ITR2 if I ignore and proceed with ITR1 as my source of income is pension + bank interest only. I don't want to declare the STCG loss and carry it for future.

thanks

GR Babu

 

Replies (4)

You can adjust your STCL in A.Y.2015-16 against your STCG which u have earned in A.Y.2015-16.Anyway if u don't want to carry forward your STCL.Then you can do so.

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sorry there is a minor error. STCG in AY15-16 +4300, STCG in AY 16-17 is -7300, I do not desire to file ITR2, hope it is ok

If u don/t want to set off your loss under Inter Head Adjustment in A.Y. 2016-17 then u can do so.and u don't need to file ITR-2.


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