Hello Sir,
I have incurred a loss of around 7 lakhs in Nifty, currency & stock FNO.
Pl. let me know how much i can claim in coming IT return?
How much amount will i get through refund?
1 Answers
All these would be included in speculation business loss and can only be adjusted against gains from similar nature business. If there is no such gains, you can carry forward to next years.
For how many years we can carry this loss? Where to show this loss in the ITR-2 excel sheet?
Unabsorbed speculation business loss can be carried forward only for a period of 4 years.
I don't want to trade for few years. Can i claim the full loss amount for income tax exemption? Afterwards when i start trading and make a profit can i add that profit to my taxable income?
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