TaxTMI 
TaxTMI 
Sir, if i invest say 1 lakh a month from a salary of say 2 lakh from april 2017 to jan 2018 i.e in a period of 10 months i have invested 10 lakhs from my income of 20 lakhs and as of march 2018 the investment has lost its value and is about only 2 lakhs (i.e i have lost 8 lakhs) so would i have to pay Income tax for the entire 24 lakhs i earned or would i have to pay for 16 lakhs that i have??
Income tax query
14 Nov 2017 
5 Replies 
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Taxability of salary: full salary remains taxable even when investments held from salary suffer unrealized loss.
Salary income remains fully taxable despite an unrealized decline in investments; market value diminution of holdings that have not been transferred does not generate a deductible loss against salary, and loss recognition/set off arises only upon transfer or disposal under the rules applicable to other heads of income. (AI Summary)
Salary income remains fully taxable despite an unrealized decline in investments; market value diminution of holdings that have not been transferred does not generate a deductible loss against salary, and loss recognition/set off arises only upon transfer or disposal under the rules applicable to other heads of income. (AI Summary)