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Loss on capital gain in usa

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(Querist)
11 May 2012 A resident in India, has a loss on sale of shares in USA. Can we carry forward such loss in India, as per The Income tax act,1961?
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Sumti Bhadani

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Sumti Bhadani (Expert)
11 May 2012 Yes, Global Income of resident is assessable in India. Return should be filled within specified time limit.

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