ajohn13:
Is dividend earnings thought-about speculative or non-speculative?
full context?in standard state of affairs, you report it as dividend earnings below “different sources” and is taxed at slab charges.spec and non-spec is context of enterprise earnings, dividend needn’t be enterprise earnings.
i wish to know whether it is attainable to set off intraday loss with dividend earnings.
Hello @Quicko
Say in a selected 12 months, i’ve no different earnings and just one.5 L as LTCG and 50,000 as STCG. Do nonetheless i’ve to pay LTCG and STCG Tax as my complete earnings is beneath exemption restrict ?
IT Calculator, Earnings Tax Division
use this official calculator to clear your doubts
Hey @nishant91191,
As the entire earnings is beneath the essential exemption restrict, there can be no tax legal responsibility.
Hiii…can the carry ahead fno loss for subsequent 12 months be setoff towards future ltcg tax of mutual funds beneficial properties??
Fno loss may be setoff with another earnings like curiosity, capital beneficial properties in present 12 months solely.Solely wage earnings isn’t allowed.
From 2nd 12 months, it’s setoff solely from enterprise earnings, each speculative and non-speculative
Hello @Tippu_Ajmal,
No, F&O losses are thought-about non-speculative enterprise losses, they usually can solely be set off towards different enterprise earnings when carried ahead.
Hello – Can somebody assist me perceive if I can setoff dividend earnings in 23-24 towards F&O losses carry forwarded from 22-23 12 months?
Hello @greenflaw,
No, carried ahead F&O losses can solely be set off towards enterprise earnings within the subsequent years. Therefore, your dividend earnings won’t be adjusted towards these.
hi- i’ve stuffed my f&o losses in ITR-3 in final 12 months. This 12 months i’ve received some STCG capital beneficial properties. Can we set off this achieve towards earlier F&O Losses.
no you cant. solely in present 12 months loss, can setoff occur with some inter heads
You may solely set off your earlier 12 months’s F&O losses with enterprise earnings, @sandeveni_sateesh – You may’t try this towards your capital beneficial properties.
Capital beneficial properties set off can solely be executed within the 12 months of loss.
Sure. He’s appropriate. Within the 12 months of loss, you’ll be able to regulate towards all varieties of earnings (besides wage) however within the subsequent years, you’ll be able to solely set off towards enterprise earnings.
Hello
During which schedule and part now we have to indicate FnO lossCan you please present with screenshot as many web site tells however can’t know the place and learn how to set off it.
