ITR filing last date extended from July 31, 2025, for FY 2024-25 to 15 September 2025

[Wealth is my birth right!]

I too have FA (indirectly) but as they say "not in my name."

So no SMS expected here. 🤣

Someone please tell IT Dept that they should have provision for Foreign Liabilities also which can be set off against Indian assets.

Kamayo India se, Loan Lo videsho se aur legally paisa bahar karo.

Lol
They are not even ready for set off the tds by employer with short term capital losses in our investment both happening within India then how abroad…

 

[koinahi]

Lol
They are not even ready for set off the tds by employer with short term capital losses in our investment both happening within India then how abroad…

Stcg loss was never adjusted against salary.
Am I missing something?
It was always CFL to be adjusted against LTCG/STCG.

 

[Wealth is my birth right!]

Stcg loss was never adjusted against salary.
Am I missing something?
It was always CFL to be adjusted against LTCG/STCG.

U r right
But my expectation is that why we to wait till next FY gains to adjust current losses eventhough we paid taxes already

 

[koinahi]

U r right
But my expectation is that why we to wait till next FY gains to adjust current losses eventhough we paid taxes already

The bad thing I observed that they offset short term losses to long term profits. Though LTCG just below 1Lakh.

 

[Wealth is my birth right!]

The bad thing I observed that they offset short term losses to long term profits. Though LTCG just below 1Lakh.

Sad
Didn’t get such scenario yet
My CA said upto 7 or 8 years we can carry the STCL

 

[hender]

STCG - Now a REAL joke for "Small Capital" Equity Trader vs The REAL cash based business of same capital.
"Not a level playing field anymore"

 

[desiviru]

Declared under income from other sources or Special Income

In [Any Other] I wrote, "Banks and eCom Cashbacks"

So declared as Income from other sources. Special case is not applicable on it until Govt makes a change to ITR for such things. This is not a lottery/CG also.

 

[koinahi]

In [Any Other] I wrote, "Banks and eCom Cashbacks"

So declared as Income from other sources. Special case is not applicable on it until Govt makes a change to ITR for such things. This is not a lottery/CG also.

Tax are all about your intention, in this case do you subtract all DC/CC joining/ annual fees levied ??

 

[desiviru]

Tax are all about your intention, in this case do you subtract all DC/CC joining/ annual fees levied ??

This is not a business income that can be set-off against expenses on acquisition of services. 🙂 So, no, it can't be taken as deduction.