banner_ad

Short term capital loss

338 views 8 replies
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
Reply Share Follow
On 20 May 2020 at 09:28 Report
Replies (8)
User Avatar

837 Points Posted on 20 May 2020
You can put all the details regarding losses in Schedule CYLA.
3 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.
3 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.
3 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.
3 Reply
On 21 May 2020 at 10:41


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details