Today news
About the same in other media
Income Tax Return 2021: Lost money in stock markets? Check if you can set it off against salary income
Reading now: 963
There has been a massive increase in the number of people investing and trading on the stock markets recently. As the Income Tax Return filing season is on, it is important to know if losses made in the stock market can be shown against the salary income.
According to Abhishek Soni, Co-founder and CEO, Tax2win.in, losses made from the selling of shares or mutual funds cannot be shown against salary income. However, you can set off stock market losses against stock market gains and carry forward the remaining losses to the next financial years.
“Any loss incurred from sell of securities i.e. shares, mutual funds etc. cannot be set off against salary income. Stock market losses can only be set off against stock market gains and remaining loss
Read more on financialexpress.comAbout this in other media
Stocks making the biggest moves premarket: Pfizer, Canada Goose, Live Nation and more cnbc.com /3 years ago
Received Cash, Car or Gold as Diwali Bonus From Your Employer? Check Income Tax Implications financialexpress.com /3 years ago
Crypto lessons you can take from the ICC T20 World cup! economictimes.indiatimes.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
