adjustment of short term capital loss
This query is : Resolved
jitender sharma
(Querist)
19 July 2008
Sir,
If someone is not filed his return on time, can he claim the short term capital loss and carry forward the same ? Please clarify with reason.
If someone is not filed his return on time, can he claim the short term capital loss and carry forward the same ? Please clarify with reason.
19 July 2008
No he can not c/f the STC loss. Refer section 139(3), whereby it is clear that to get the loss c/f u/s 74 one has to file his return in time
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