CAPITAL GAINS

If there is a loss during the year & I don't want to carry forward the loss to negotiate against profits in coming years, can one ignore "CAPITAL GAINS" topic in the ITR without giving any details / can file ITR 2 instead of ITR 4?

asked Sep 21 '13 at 17:33 by achyutanand 1●1

One Answer:

oldest newest most voted

I would still advise you to declare the loss in income tax return.

Unless its a business loss, you can show same in ITR-2 and there is no need to file using ITR-4.

answered Sep 24 '13 at 16:05 by Pankaj Batra 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

capital-gains ×342
income-tax-return ×240
itr-4 ×13
capital-loss ×9
carry-forward ×8

Asked: Sep 21 '13 at 17:33

Seen: 1,795 times

Last updated: Sep 24 '13 at 16:05

CAPITAL GAINS

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions