Capital Loss

LTCG on listed equity shares is exempt U/s 10(38).

Exempt income means income that does not form a part of your income.

You are having loss, which is exempt negative income. So you cannot carry forward or set off the same

 you can not carry forward the said loss

carry forward and setting off of loss u/h LTCG on Shares (STT paid) is not allowed as they are not treated as income as per sec. 10 (38) of Income Tax Act, 1961.

No u can't carry forward Long term cap. loss.

as per your question this is not clear that it was stt paid or not if u incurre LTCL without stt paid you can c/f but this is the loss with stt paid u cant c/f because LTCG(stt paid) exempt under section 10(38)

If Demat shares are traded in stock exchange then they are are subject to STT

will be exempt u/s 10(38) so, carry forward of Long Term Capital Loss will not be allowed.

Hello,

Ya you can carry forward it to next year but you can only set off againts long term gains of infinite subsequent years arising from transfer of shares of listed companies traded on recognised stock exchange and which are chargeble to STT.

It was just for fun and not to hurt anyone.

Plz excuse me if I hav unintentionally hurted someone.

Regards