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Short Term Capital Loss

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Vinay Jaindani

188 Points Posted on 27 August 2020

Dear Sir,

One of my client has claimed and carried forward short term loss of Rs. 67,000 in AY 2019-20 and filled the return within the due date but now he has came to know that his actual short term loss is rs 167,000 can the remaining loss Rs.100,000 be claimed by filing the revised return??

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Quick Summary

A client discovered their actual short-term capital loss was higher than initially declared. The discussion confirms that a revised return can be filed to claim the additional Rs. 100,000 loss for AY 2019-20. This revised return must be submitted on or before 30th September 2020.