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.
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.
.
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