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can i have more clarification about that matter.is it mandatory to recognize unrealized gain or loss in case of trading shares investment
An unrealized gain is a profit resulting from an investment that merely exists on paper.
A gain becomes realized once the position is closed for a profit.
It is a profitable position that has yet to be sold in return for cash, such as a stock position that has increased in capital gains but still remains open.
Similarly ,same is the position for' unrealised loss'.
Therefore , it is not appropriate should any one take unrealised loss amount( short/long term capital assets ) and take tax advantage by adjusting against short/long term capital gains .
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