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Short term capital loss
I did trading in which short term capital loss is around 5000 rupees how can I show in my itr 2
Replies (8)
Quick Summary
You can put all the details regarding losses in Schedule CYLA.
What if I don't show lodd
If you don't show the loss, you will not be able to carry forward your loss to future years and set off in the next year against any gain.
Right.
I can write it off as drawings am I right
Drawings has nothing to do with Income tax applicability.
Then if i don't show in itr what can I do
If you anticipate that in future years you can not have gains against which u can set off your current year's loss, then u may not show it in your ITR.
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