Archive | Carry Forward & Set Off Losses

CBDT’s circular regarding condoning of delay in claiming refund & carry forward of loss

Delays by tax payers in filing claims for income tax refund are common. Similarly tax filing by some tax payers may have been delayed due to genuine reasons which impacts carry forward and set off of loss. CBDT has recently issued circular where procedure has been laid down for condoning which means pardoning or forgiving […]

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My only income is from selling shares, do I need to pay tax?

We all know that Income from salary, rental income and business income is taxable. But what about income from sale or purchase of shares? Many home makers, retired people, spend their time gainfully buying and selling shares but are unsure of how this income is taxed. Income/ Loss from sale of equity shares are covered […]

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