Short term capital loss on equity shares
This query is : Resolved
KHURSHID SIGANPORIA
(Querist)
12 August 2011
I suffered Short term losses on equity shares due to crash in market. If I book this short term capital loss this financial year, can I carry forward this loss to be setoff against short term capital gain in next financial year. How long I am allowed to carry forward this loss?
Kindly advise as soon as possible.
Kindly advise as soon as possible.
CA PARAS BAFNA
(Expert)
12 August 2011
For claiming the loss , you have to file the
return on or before the due date. Capital Loss can be c/fd up to 8 AYs.
return on or before the due date. Capital Loss can be c/fd up to 8 AYs.
CA. Krishna K Neeraj
(Expert)
15 August 2011
if your books of accounts are not required to get audited, you would have filed your ITR before July 31, 2011.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
