Does money lost in stock market count as a tax deduction?

POSTED BY Mohan K ON December 9, 2010 4:58 pm COMMENTS (4)

Hi All,

I have started doing trading from Jun 2010 with 2.5 lakhs Capital and i realized 1.5 lakhs loss in Trading till now.

recently i heard that Stock Market losses can be tax exempted.

Could any one please help me with how to fill our stock market loss for Tax exemption and what is the procedure.

Your valuable suggestions will help me lot.

 

  

4 replies on this article “Does money lost in stock market count as a tax deduction?”

  1. Siva- IFA says:
    December 9, 2010 at 6:01 pm

    HI Mohan,

    Already, similar question had been answered. Pls visit the below url.
    http://localhost/jagoforum2/can-we-get-tax-exemption-if-we-can-show-the-losses-incurred-in-stock-market/718/

    Regarding the filing, best to consult with your Auditor who files your IT returns.

    Thanks – Siva

    Reply
  2. sidrana7 says:
    December 9, 2010 at 5:53 pm

    manish did a blog article on this topic in march 2009. A quick google would have helped you.
    anyways check the link below.

    How to use losses to reduce tax March 23rd, 2009

    https://www.jagoinvestor.com/2009/03/are-losses-friendly.html

    cheers

    Reply
  3. Siva - Fundsindia IFA says:
    December 9, 2010 at 5:12 pm

    HI Mohan,

    Already, similar question had been answered. Pls visit the below url.

    http://localhost/jagoforum2/can-we-get-tax-exemption-if-we-can-show-the-losses-incurred-in-stock-market/718/

    Regarding the filing, best to consult with your Auditor who files your IT returns.

    Thanks – Siva

    Reply
  4. Ajay says:
    December 9, 2010 at 5:01 pm

    Pls read this

    http://localhost/jagoforum2/can-we-get-tax-exemption-if-we-can-show-the-losses-incurred-in-stock-market/718/

    Reply

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