shorterm Losses

This query is : Resolved 

06 July 2009
HELLO FRIENDS

I HAVE BOOKED A LOSS ON SHARE (SHORT TERM) RS. 1746/-FOR F. Y2008-09, PLZ TELL ME CAN I CARRIED FORWARD IT TO THE NEXT F.Y


THANKS

06 July 2009 Yes you can carry forward Short term Capital Loss in FY 2009-10 only if you dont have Short Term Capital Gain to set off this loss in the current year FY 2008-09 and you submit the Return Of Income for the current year stating the said Short Term Capital Loss.



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