Comment on Taxation Simplified

Thanks response. This year i got 3L income from sold the Nasdaq listed shares. My company/Fidelity deducted for 33% tax on income for income tax. I have nearly 2.5L carry forward losses(Equity * F&O) from last 2 years. Can i set off this income with last 2 years losses? Can i get refund with setoff profit with this year returns.

What’s the tax on Savings bank interest?

I have Over Draft for Fixed deposti. Monthly i am getting interest. I paid interest on Overdraft. Can i OD interest setoff against FD interest?

What’s the tax on ELSS MF dividends?

Regards,
Venki

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