BENEFIT OF LONG TERM CAPITAL LOSS C/F

Long Term Capital Loss can be carried forward by legal heir

Can LTCL (on bond) be transfer for complete 8 years after death of investor?

You can carry forward these losses for setting off in later years up to 8 assessment years.

In my view ltcl cannot be carry forward by legal heir,

Where legal heirs of a deceased-proprietor enters into partnership and carries on the same business in the same premises under the same trade name, there is succession by inheritance as contemplated in section 78(2) and assessee-firm is entitled to carry-forward and set-off of the deceased’s business loss against its income for subsequent years—CIT v. Madhukant M. Mehta [2002] 124 Taxman 130 (SC).

Mr.Sourav Please provide the case related to LTCL, not business. that case related to business loss . Ok, I think you understand what I am telling you

I know that I just shared the case law for legal heir carried forward matter

I wanted case law related to LTCL ,not business

Yes Ankit is right. Please discuss about LTCL not business loss.