Loss is nifty, currency & stock futures

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?

asked Mar 25 '15 at 08:36 by Pruthvi 263615

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.

answered Mar 29 '15 at 22:17 by Pankaj Batra 5.2k320

For how many years we can carry this loss? Where to show this loss in the ITR-2 excel sheet?
(Mar 30 '15 at 10:59) Pruthvi
Unabsorbed speculation business loss can be carried forward only for a period of 4 years.
(Mar 30 '15 at 11:09) Pankaj Batra
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?
(Apr 17 '15 at 13:59) Pruthvi
There is no income tax exemption available for business losses.
(Apr 26 '15 at 16:50) Pankaj Batra
Hi Pankaj, I am salaried individual. Pl. advise on which ITR to be filled for above case. Specific column to show the loss in that ITR. I am also claiming full interest deduction benefit for my Flat as i have given it on rent? Pl. advise on which ITR to be filled & specific column to show the loss.
(Jul 31 '15 at 13:15) Pruthvi
You should fill ITR4
(Aug 02 '15 at 08:51) Pankaj Batra
Hello Pankaj, Can you prepare the my ITR-4. I will email you the DP account statement, Form-16, Bank statements & all other necessary documents. I will settle your charges by NEFT. Pl. let me know your e-mail id. Pl do the needful.
(Aug 13 '15 at 21:36) Pruthvi
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Asked: Mar 25 '15 at 08:36

Seen: 3,027 times

Last updated: Aug 13 '15 at 21:36