Capital Loss
This query is : Resolved
VINOD KUMAR JHA
(Querist)
04 March 2010
1 - can you suggest me if long term capital loss, arising on sale of equity share at stock exchange, can be carried forward or not
2- Whether these loss can be adjusted aginst gain on sale of share which is not traded on Stock Exchange.
Reply Me Soon
Regards
Avneesh Jain
2- Whether these loss can be adjusted aginst gain on sale of share which is not traded on Stock Exchange.
Reply Me Soon
Regards
Avneesh Jain
Aditya Maheshwari
(Expert)
04 March 2010
Since LTC gain is exempt loss cannot be carried forward or be set off against other long term capital gains.
SO answer is negative to both your query
SO answer is negative to both your query
CA Robin Betala
(Expert)
04 March 2010
If you are able to sell such share outside the exchange , without paying stt , you will be able to set off the Long term capital loss from share LTG
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