Long term capital loss
This query is : Resolved
Simran Katyal
(Querist)
02 August 2016
Hello,
Suppose a person incurs long term capital loss in FY 12-13, so that same will be carried forward in the next 8 years.
But suppose the person files late return in FY 2013-14, then loss incurred in FY 13-14 will not be carried forward.
Does this mean that the loss of FY 12-13 will also stop to be carried forward in subsequent years?
Thanks in advance .
Amol S Joglekar
(Expert)
02 August 2016
2012-13 can be carried forward...no problem...
Simran Katyal
(Querist)
02 August 2016
Thanks a lot.
Amol S Joglekar
(Expert)
02 August 2016
you are most welcome
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
