Income Tax filing for 2011-2012

Hi Pankaj, I have calculated the total income and total tax payable using the income tax calculator excel sheet since i have worked for 2 companies. I have filled the ITR1 excel sheet.

During the financial year i have invested 4lacs in share market and the current share value is 2.2 lacs. Can i show the loss of 1.8 lacs though i haven't sold them.

If i can show can you please let me know where can i mention the amount in ITR1 or do i need to fill some other form along with ITR1.

Thanks Mahesh

asked Jul 13 '11 at 10:45 by taxfiling 1222


Unrealized loss/gain cannot be shown in income tax return. So you won't be able to claim for current unrealized loss in share market.

answered Jul 13 '11 at 15:27 by pankaj 5.2k320

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Asked: Jul 13 '11 at 10:45

Seen: 1,799 times

Last updated: Jul 13 '11 at 15:27