Capital losses
This query is : Resolved
05 December 2013
Respected sirs,
Pls guide if a person has suffered capital loss in a financial year then how we have to deal with this in income calculation.
Pls guide.
Pls guide if a person has suffered capital loss in a financial year then how we have to deal with this in income calculation.
Pls guide.
CA PARAS BAFNA
(Expert)
05 December 2013
Capital loss can be set off against only capital gains.
.
In the absence of any such capital gains, such capital loss is ignored for the purpose of income calculation.
.
However, if you file the return on or before the due date of filing of the return, you can carry forward it to the next AY.
.
.
In the absence of any such capital gains, such capital loss is ignored for the purpose of income calculation.
.
However, if you file the return on or before the due date of filing of the return, you can carry forward it to the next AY.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
