In year 2013-14 there was a short term capital loss on shares but since the retun u/s 139 was filed belatedly ie on 30.11.2014 the short term loss cannot be carried forward and set off.but is there any othere way by which i can carry forward and set off loss of 2013-14 in year 2014-15 against long term capital gain
None, so far as I know. The chance to carry forward losses under the heads PGBP and CG is available only on timely filing of return. Since the return, as you mentioned, is belated, there is no other way around to carry forward losses of that year, except losses under the heads HP & IOS.
Hope this helped.
CAclubindia
