44ADA and Stock Market Loss
This query is : Resolved
24 March 2023
Hi, I file my income tax under section 44ada
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.
If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).
Or I have to carry forward loss?
Any other way to set off this loss with my income?
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.
If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).
Or I have to carry forward loss?
Any other way to set off this loss with my income?
24 March 2023
It's long term capital loss to be carried forward and to be set off against long term capital gains only.
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