Loss on Shares sold in NYSE
This query is : Resolved
28 December 2022
Respected Members,
I had shares of few companies while I was residing in US. Now that I have shifted back to India, wanted to check on the few things:
>>The holding currently I have is not doing well and on selling those shares I would be incurring loss, will I be allowed to offset the loss on shares in NYSE here when I file my Tax return in India.
>>If yes, how long will carry forward of loss be allowed to offset with the gains in future years.
I had shares of few companies while I was residing in US. Now that I have shifted back to India, wanted to check on the few things:
>>The holding currently I have is not doing well and on selling those shares I would be incurring loss, will I be allowed to offset the loss on shares in NYSE here when I file my Tax return in India.
>>If yes, how long will carry forward of loss be allowed to offset with the gains in future years.
28 December 2022
Yes, you can carry forward for 8 years.
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