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Guest
Guest
(Querist)
11 September 2012
Long Term Capital Gain U/s 10(38) is Rs. 230000.
Short Term Capital Loss from sale of equity shares is 180000.
Can i carry forward total STCL bcoz LTCG is Exempt.
Short Term Capital Loss from sale of equity shares is 180000.
Can i carry forward total STCL bcoz LTCG is Exempt.
11 September 2012
Yes you can carry forward the STCL upto 8 years.
Guest
Guest
(Querist)
11 September 2012
Thanks Sanjay Ji,
But am i required to set off Rs 180000 and balance LTCG Rs 50000 is exempt.
But am i required to set off Rs 180000 and balance LTCG Rs 50000 is exempt.
11 September 2012
No. Not required as the LTCG is exempt. You can carry forward entire LTCL of Rs 1.80 lacs.
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