Short term capital loss

382 views
User Avatar

G
407 Points Posted on 20 May 2020
I did trading in which short term capital loss is around 5000 rupees how can I show in my itr 2
0 Reply Share Follow
On 20 May 2020 at 09:28 Report
Replies (8)
Quick Summary
This discussion explains how to report a short-term capital loss of around ₹5000 in your ITR-2 by using Schedule CYLA. It highlights that failing to report the loss means you cannot carry it forward to future years to offset against gains. While you can choose not to report it if you don't expect future gains, this means forfeiting the opportunity to utilise the loss later.

User Avatar

837 Points Posted on 20 May 2020
You can put all the details regarding losses in Schedule CYLA.
Reply
On 20 May 2020 at 11:40
User Avatar

G
407 Points Posted on 20 May 2020
What if I don't show lodd
Reply
On 20 May 2020 at 11:59
User Avatar

837 Points Posted on 20 May 2020
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.
1 Reply
On 20 May 2020 at 12:35
User Avatar

1167 Points Posted on 20 May 2020
Right.
Reply
On 20 May 2020 at 15:06
User Avatar

G
407 Points Posted on 20 May 2020
I can write it off as drawings am I right
Reply
On 20 May 2020 at 15:29
User Avatar

837 Points Posted on 20 May 2020
Drawings has nothing to do with Income tax applicability.
Reply
On 20 May 2020 at 18:50
User Avatar

G
407 Points Posted on 20 May 2020
Then if i don't show in itr what can I do
Reply
On 20 May 2020 at 19:28
User Avatar

837 Points Posted on 21 May 2020
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.
Reply
On 21 May 2020 at 10:41

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading