How To Report Stock Market Capital Loss In ITR 2

 

The investment market is quite dynamic which might result in negative returns sometimes. The investors sometimes have to book their losses in their ITR files. In these cases, Income Tax Act has a provision offering breathing space to the investors from the taxation aspect. 

An option is there to set off losses in the same year against the gains. An investor is eligible to set off the capital loss to the ITR filing of the following financial year. This venture of carrying the losses to the following year needs to be filed as per the clauses of the income tax return.

Here, we will learn the specific process following the stated protocol of the Income Tax Act. Filing of the set-off report and carry forward technique of losses will be explained step by step.

The online portals will teach him how to create Demat account but will not tell him the specific ways to recuperate from the loss suffered.

Read also:-What is Demat account?



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