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Short term capital loss


Aaaaa (G)     20 May 2020

Aaaaa
G 
 5 likes  168 points

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I did trading in which short term capital loss is around 5000 rupees how can I show in my itr 2

avater

Kiran Hathalia   20 May 2020

Kiran Hathalia

 33 likes  653 points

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You can put all the details regarding losses in Schedule CYLA.

avater

Aaaaa (G)     20 May 2020

Aaaaa
G 
 5 likes  168 points

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What if I don't show lodd

avater

Kiran Hathalia   20 May 2020

Kiran Hathalia

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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.

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VIKAS SAINI   20 May 2020

VIKAS SAINI

 37 likes  1087 points

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Right.

avater

Aaaaa (G)     20 May 2020

Aaaaa
G 
 5 likes  168 points

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I can write it off as drawings am I right

avater

Kiran Hathalia   20 May 2020

Kiran Hathalia

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Drawings has nothing to do with Income tax applicability.

avater

Aaaaa (G)     20 May 2020

Aaaaa
G 
 5 likes  168 points

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Then if i don't show in itr what can I do

avater

Kiran Hathalia   21 May 2020

Kiran Hathalia

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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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