Short term capital gain loss set off previous year

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8 Points Posted on 10 August 2020
in which section short term capital gain loss we have to write loss in capital loss in share trading short term in NORMAL or PTI section provided this year in ITR?
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On 10 August 2020 at 01:13 Report
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Quick Summary
This discussion clarifies where to report short-term capital gains (STCG) from share trading in your Income Tax Return (ITR). While pass-through income (PTI) from business trusts or investment funds is reported in the PTI column, STCG from your own trading activities should be declared in the 'Normal' column. This distinction is crucial for correctly setting off losses against gains.

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Profession
28265 Points Posted on 10 August 2020
Mr.Khatri does it exceed the maximum amount not chargeable to tax.
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On 10 August 2020 at 05:53
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Tax and Business Consultant
11616 Points Posted on 10 August 2020
An assessee has to include details of any pass-through income (PTI) from a business trust or an investment fund. If You received STCG from BT/IF than you are required to disclose that in PTI column.

But, As in your case your STCG is related to trading activity carried out by you (trading in share and securities), than you are required to disclose your STCG in Normal column.
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On 10 August 2020 at 08:36
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Profession
28265 Points Posted on 10 August 2020
The querist does not specify the source of income and the value of income.
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On 10 August 2020 at 10:41

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