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.
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