Short term capital loss
Vikash (G) (393 Points)
20 May 2020
I did trading in which short term capital loss is around 5000 rupees how can I show in my itr 2
8 Replies
Kiran Hathalia
(837 Points)
Replied 20 May 2020
You can put all the details regarding losses in Schedule CYLA.
Kiran Hathalia
(837 Points)
Replied 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.
Kiran Hathalia
(837 Points)
Replied 20 May 2020
Drawings has nothing to do with Income tax applicability.
Kiran Hathalia
(837 Points)
Replied 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.
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