Which ITR should be filed by salaried people with losses in mutual funds?
Hey Dhruvi,
In case of trading in Mutual Funds:
Income Head: Capital Gains Income
ITR Form: ITR-2
Loss: Loss under CG can be carried forward for 8 years.
STCL (Short Term Loss) can be set off against LTCG and STCG both
LTCL (Long Term Loss) can be set off only against STCG
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