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deepak

STCG on Stocks...
Dear Mr Amlan Ji,
Good Afternoon
first a very thankful to u for guiding me to file a return since last five years,now a general question if i incurr a share loss short term and i do not wish to carry forward can i simply fill itr 4 instead of itr 3.
Sir i am sorry to post the question before in wrong s...
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Amlan Dutta
Please clarify whether losses are from 1.) Delivery based trading or 2.) Intraday /future and options...In case you have made losses in delivery based trading , you can show short term losses from capital gains and file ITR 2... ...
  • December 8, 2018
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deepak
Sir thanks for the prompt answer shares are basically from delivery loss but i have bussiness income from shop and also show some income from other source also pls guide i donor wish to carry forward the loss its a small amount
  • December 9, 2018
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RAVIKUMAR JENTIBHAI NAGAR

Hello sir,
In ITR 3 when I get short term capital gain which tax I pay 15% or as per slab ?
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Amlan Dutta
STCG (Short term capital gains on equity ) is specified income and shall be taxed at 15% ....It does not attract slab based taxation , though it gets adjusted for minimum threshold level and if total income falls below threshold level, there shall be no taxable liability ...example say one has on...
  • September 5, 2018
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Nrupal Save

STCG on Stocks...
Hello Amlan,

Thank you for your information on website and youtube videos. Using this I am easily able to fill in ITR1 as I have salary income.
Additionally, I had some LTCG (gain of 12,433) and STCG (Loss of 9,659) in FY 2017-18. All the transactions yielding the LTCG (gain) and STCG (loss) have ta...
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Amlan Dutta
Loss from short term equity delivery is a capital loss .....The income schedule representing capital gains/losses is not present in ITR 1 ... it is present in ITR 2 ......for showing gains or losses from capital gains( from stocks or otherwise) you will have to use ITR 2 ... ...
  • August 31, 2018
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Rakesh

STCG on Stocks...
Ok sir thanks a lot.but sir 1 querry is here.for example i have 4500 rs stcg and also some loss stcg loss in equity share.so it will auto matically setoff and remaining gain will be my gain.sir i have to show quartely breakup of original 4500 rs or the amount which is showing after setting up short ...
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Amlan Dutta
From my studies, i observe that you are required to show only the net gain in the corresponding quarter ...say, you had incurred loss of 10 rs and profit of 20 Rs , you will only show net gain of 10 Rs and the corresponding quarter in which it occurred .... You would like to take a second opinion ....
  • November 27, 2018
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Rakesh

STCG on Stocks...
Amlan sir i am facing an error in java utility when filling ITR 2.as i have some short term capital gain from debt oriented mutual fund as i have fill the figures in sch cg in section A5 assets others than a1 or a2 or a3 or a4 but now java utility i am facing an error of quarterly breakup shown in s...
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Amlan Dutta
The breakup of STCG quarter wise should exactly tally up to the STCG as shown in the CG schedule else the return won't validate ...say i have shown STCG from debt mutual funds as 100 Rs , then i have to denote the period where i have earned the 100 Rs ...if i show 80 Rs , then obviously the return w...
  • July 26, 2018
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Malharrao Deshpande

STCG on Stocks...
Sir, If one has stcg of rs.20000 during ay18-19 and 1000 as short term capital loss during ay 17-18 and this loss is carried forward for 18-19. in last year's itr. Now if you show stcg of 20000 in A2e of cg schedule of ITR2, the same is reflected in CYLA 4iv and 3iii of BFLA but if there is loss o...
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Amlan Dutta
i will not be personally studying the ITR for the mentioned fields or discussing the functionalities fields etc in this platform . if the same question is presented as to know why a certain concept doesn't hold valid etc , i will take a look but i will not indulge in studying the ITR etc due to lac...
  • July 24, 2018
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SANTANA SINGHNIA

STCG on Stocks...
Hi Amlan I have short term capital gain from buying & selling ( delivery)shares and the overall gain for the year is 1 lakh .( Full value consideration--17 lakh ,,, cost of aquisition 16 lakh).
But I have capital gain like following fashion
Up to 15/6-- 30000(gain)
16/6--15/9--10000(loss)
16/9--15/12--8...
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AYUSH

STCG on Stocks...
Hello amlan, in year ending 31 march 2018 I have done some intra day trading In few I gain profit and few I gain loss the ultimate.. Aggregate of all transactions is a loss I want to file itr3 can you please tell me where I can show this in my itr 3 if possible short term transaction tax.
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Amlan Dutta
This has to be treated as business income ....you will fill up income statement accordingly to reflect loss , however note that in this case then you are bound for audit since income (Loss) will be less than presumptive value............
  • July 9, 2018
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Vai

STCG on Stocks...
Hi Amlan, during last year I earned on shares as follows;
Quarter 1: Rs. 54730
Quarter 2: Rs. -3270
Quarter 3: Rs. -8870
Quarter 4: Rs. 12300
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Total STCG:Rs. 54890

This amount is correctly reflected under "item 2ie" under Schedule CG of ITR-2 as well as under "item 3iii" of Sched...
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