Dear Sir,
I had purchased 1000 units of an equity mutual fund in 2008 and sold the same at a loss of Rs 7500 in 2011 - loss calculated without indexation.
Would this be a Capital loss and should I show this Capital loss in mt income tax returns for AY 2012-13. Wouls I be able to adjust my capital gains of sale of my other equity mutual fund sales and carry this loss of Rs 7500 for the next 7 years?
Please advise
Sunil