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 ?
6 Replies
vishnupriya
(CA Final)
(1418 Points)
Replied 24 July 2011
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.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graph)
(85935 Points)
Replied 24 July 2011
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.
Gourav Kapoor
(CA Final Student)
(2977 Points)
Replied 24 July 2011
Clcik here to get solution of ur query...!
Iam Singho
(none)
(91 Points)
Replied 24 July 2011
| Originally posted by : Gourav Kapoor | ||
 |
Clcik here to get solution of ur query...! |
 |
Gaurav - why is your reply a facebook link ? Are you data mining ?
Recent Topics
- Residential status of studying in abroad
- Itr2 validation errors
- GST AMENDED HSN SUMMARY
- Interest earned on deposits placed with corporates
- Pension Misclassification and Correction in ITR
- Failed to File SPL-02 before June 30th
- AIS Utility
- Fees receipts for Technical services ..income
- INTEREST WILL PAID
- GSTR-2A Shows 3B not filed but actually files
Related Threads
Trending Online Classes
CAclubindia
