Pravin Mahadik (Practicing Cost Accountant) (78 Points)
06 April 2011Hi,
There is loss from share trading in equity & future & option trading. We can set off & carry forward the loss for subsequnt year. Please give me the detailed information of process to carry forward the loss.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 06 April 2011
All losses (Except loss due to owning and maintaining of race horses) can be carried forward and set-off for 8 subsequent financial years following the Previous Year in which such loss arose.
Pravin Mahadik
(Practicing Cost Accountant)
(78 Points)
Replied 07 April 2011
| Originally posted by : Pravin Mahadik | ||
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Hi, There is loss from share trading in equity & future & option trading. We can set off & carry forward the loss for subsequnt year. Please give me the detailed information of process to carry forward the loss. |
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Pravin Mahadik
(Practicing Cost Accountant)
(78 Points)
Replied 07 April 2011
is there complition to file return before due date to carry forward loss
CAclubindia
