Last financial year I only bought Shares and did not sell any.
Can I treat the demat charges as short term capital loss and carry it forward to the next year ?
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Can Demat charges be treates as Short Term Capital Loss
Replies (6)
The provisions of Capital Loss/gains is applicable only when there is a sale/transfer of capital asset. You cant do so because there is no sale. If you are a trader of shares, where you treat your shares as stock in trade, you can claim such losses.
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Only losses allowed under provisions of income tax act can be carried forward .
Demat charges are expenses and not Losses.
So you cannot carry forward it.
Clcik here to get solution of ur query...!
| Originally posted by : Gourav Kapoor | ||
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Clcik here to get solution of ur query...! |
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Gaurav - why is your reply a facebook link ? Are you data mining ?
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