Capital gain sett off and carry forward

Mr. A can Carry Forward the Loss of Rs. 10,00,000 for setting off in subsequent years as it cannot be sett off against current year's exepmt income (LTCG) u/s10 (38)

Thats your answer, you will carry forward STC loss of Rs. 10 Lacs and treat LTCG as exempt.

u can carry forward d stcl

STCL on shares is allowed to carried forward for 4 assessement years as its a speculative loss.

no it can be carry forward for 8 years as shares are held as investment nt as trade....

@ Lalit - whther its held as investment or otherwise short term capital loss is not allowed to be carried forward for more then 4 years refer chapter on set off and carry forward of losses.

Secondly yash havent mentioned dat it was help for wat purpose, so how u say its help for investment?

Mr. Tushar Ji........

It will be treated as capital gain and the same can be carried forward for 8 years.......

If u assume it as speculation loss then first of all u have to seen whether it is the business of the assessee or not...... if it is business then u are right otherwise it will be traeted as capital loss........

STCL is non speculative as it ws held as investment....so i guess it wuld be carried forward for further 8 Assessment Years.

Thank u Frnz for your Replies... :)

@ ankush -capital loss itself means its nt an business loss...shares held as investment...

STCL to be c/f and should not be set off against the exempt LTCG