Under which group do one need to create in tally for short term capital loss .
Under which group short term capital loss to be created in tally
madhan (Deputy Manager) (23 Points)
07 August 2019
3 Replies
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 07 August 2019
short term capital loss need to be shown in profit & loss account, it will be added back while calculating business profit as per income tax and to be shown in capital gain head in ITR.
madhan
(Deputy Manager)
(23 Points)
Replied 07 August 2019
thank you it means this has to be accounted in indirect losses
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