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Assistant Manager
25 Points Posted on 16 January 2021
ITR -3 is not allowing to setoff grandfathering loss of one share with grandfathering profit in other shares. Is it not permissible under IT Act ??
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On 16 January 2021 at 12:06 Report
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This discussion explores the inability to offset grandfathered losses from one share transaction against grandfathered profits from another within ITR-3. Participants are seeking clarification on whether this is permissible under the Income Tax Act. The concept of 'grandfathering loss' is also being questioned, with a suggestion to refer to YouTube for further understanding.

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Chartered Accountant
24588 Points Posted on 16 January 2021
Grandfather loss doesn't get set off in your income tax return form. Grandfather loss can be set off against his IT return
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On 16 January 2021 at 12:24
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Assistant Manager
25 Points Posted on 16 January 2021

Grandfather loss can be set off against his IT return......what do you mean ???

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On 16 January 2021 at 12:33
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Chartered Accountant
24588 Points Posted on 16 January 2021
Grandfathering loss means???
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On 16 January 2021 at 12:49
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Team Lead
7558 Points Posted on 16 January 2021
Please refer any YouTube video, you will get understanding of the term GL.
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On 16 January 2021 at 14:04
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Accountant
4533 Points Posted on 16 January 2021
Elaborate ur question pls??
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On 16 January 2021 at 16:03
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524 Points Posted on 16 January 2021
Is the profit is below 1 lakh
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On 16 January 2021 at 22:41
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Assistant Manager
25 Points Posted on 16 January 2021

No. That’s why asking....

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On 16 January 2021 at 23:44

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