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 Batra 5.2k320

link

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

Your answer
toggle preview

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

Tags:

×39
×13
×12

Asked: Jul 13 '11 at 10:45

Seen: 2,016 times

Last updated: Jul 13 '11 at 15:27