Hi All
i am new to trading and have incurred serious loss of Rs. 50,000 during current financial year. I do normal trading selling on the same day or within a week.
I am salaried person and falls on 30% slab. Now i need to know can i get any relief from the loss while paying my income tax for this year.
If yes then how maximum benefit can get, if no is there a way where i can get maximum out of the loss.
Thanks in advance for all your help.
i am new to trading and have incurred serious loss of Rs. 50,000 during current financial year. I do normal trading selling on the same day or within a week.
I am salaried person and falls on 30% slab. Now i need to know can i get any relief from the loss while paying my income tax for this year.
If yes then how maximum benefit can get, if no is there a way where i can get maximum out of the loss.
Thanks in advance for all your help.