Set off and carry forward
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2014
sir,
i had a capital loss of Rs.1300000 in 2008-09 and at that time return was filled on time and i had carry forwarded my loss but in the next period (2009-10) i had not filled return on time and carry forwarded my loss,now in 2010-11 i have capital gain of Rs. 1100000 can i take the set off in this year 2010-11 of capital loss which was in the year 2008-09
i had a capital loss of Rs.1300000 in 2008-09 and at that time return was filled on time and i had carry forwarded my loss but in the next period (2009-10) i had not filled return on time and carry forwarded my loss,now in 2010-11 i have capital gain of Rs. 1100000 can i take the set off in this year 2010-11 of capital loss which was in the year 2008-09
04 March 2014
yes if the loss is same as that of 08-09 then u can else if its new loss of current year then u cannot.
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