Hello All, I m a salaried person and have some investments in equity too. To file my return for AY 2010-11, I m planning to show some short term capital gains and losses I made last year. I have a few stock options and as there was a bous I have booked a loss based on the pre-bonus FMV. I want to set-off the short term capital gains from equity and carry forward to remaining losses for future. I have the following questions:
Do I need to show detailed calculation in my ITR or I just need to work out and put the final figures? While computing gain/loss do I factor in the brokerage and STT paid too?
I read somewhere that if I want to carry forward the losses I need to file a loss return u/s 139(3). How do I do it and is it really required?
Thanks in advance for the valuable inputs.
CAclubindia
