i have salary income rent from one house and NEGATIVE profit ( loss :( ) from shares short term ( read F&O ) . I want to carry forward my loss in share market so i can offset in next years when i make profit ( hopefully ; day-dreaming ) . Which form should i use? Awaiting reply including even idiotic type of answer ( which is more common ).
Re: Income ( loss ) from share market
by SURYANARAYANAN GANAPATHY on Jun 12, 2010 02:13 AM
If you have income from other heads and loss under one head, you should first set off the loss under the some other head (in your case short term capital loss from shares) and the balance only can be carried forward and set off in the subsequent year. (I dont know whether this is an idiotic answer. Let me see what others say)
I have submitted the ITR form via online. I am expected to receive the tax refund from the govt. Can anyone tell me when and how will I receive the refund?
Re: hi
by wow aaha on Jun 10, 2010 11:10 PM
ideally u should get your cheque delivered at the address u gave in form, provided u have filed account number as well.
wait for 6-7 months. then u can try call center number as well. there is one govt site when u can check status . if all fails goto income tax office where u filed the return, there by looking ur return form rcpt you will come to know which room ( circle ) u need to contact. one or 2 visits are enuf to get check in ur hand. you will get ur money back for sure but time is bit undefined. I could get my money back after 2 year.
Believe me there is lot of improvement in attitude of govt officials. thanks to RTI , which also nice tool to get update
Re: ITR V downloaded wanted password to open
by SURYANARAYANAN GANAPATHY on Jun 12, 2010 02:11 AM
The reply by three learned individuals is quite correct. (Sorry, I am not certifying). Hope yo followed and succeeded in downloading ITRV. SURYANARAYANAN GANAPATHY
Re: ITR V downloaded wanted password to open
by vamsi nori on Jun 10, 2010 08:33 PM
The password is your pan number followed by your date of birth in ddmmyyyy format. pan in small case
Re: ITR V downloaded wanted password to open
by bunty nayak on Jun 15, 2010 04:15 PM
pls download the uploaded form...and then u'l get it from sky...!! or go n get it from your prime minister MMS.
Can I use the new ITR1? I get defencce service(Civilian) megre pension amount and also I get little commission on enumerating subscribers for a Industrial Book. Also I do some mediation work between the Buyers & Sellers and get commission.
Re: COMMISSION RECEIVED THROUGH MEDIATION WORKS:
by SURYANARAYANAN GANAPATHY on Jun 12, 2010 02:09 AM
Pension is treated under the head salary. Commission received is "income from other sources" (not considered as business income) So You can Use ITR1. No problem. G. SURYANARAYANAN, F.C.A.
Re: COMMISSION RECEIVED THROUGH MEDIATION WORKS:
by rajesh singh on Jun 10, 2010 08:38 PM
Ramana, let me finish my CA/CS course then MBA then ..... and then I'll respond to you. Till then wait
