CAN YOU GUIDE ME ABOUT MY BELOW MASSAGE I APPLIED THE SHARE FOR RPOWER AND THE COMPANY ALLOTMENT 17 SHARE @ 430 IN 2008 AND THEN AFTER I PURCHASED THE SHARE OF 8 SHARE @ 415 IN 2008 AND COMPANY PROVIDE ME A BONUS 15 SHARE
TOTAL SHARE OF 40 AND TOTAL AMOUNT IS 10630
Total average Rate is 265.75, I sale all above share in March 2011 @ 120/-
I AM SALARY PERSON AND CAN I CLAIM LONG TERM LOSS IN MY COMPUTATION AND HOW TO SHOW IN ITR-1
First of all you have to file ITR – 2
Cost of acquisition of shares
17X430 = Rs.7310.00
8X415 = Rs. 3320.00
15 X 0 = 0.00
--------------------
10,630.00
-------------------
Sales computation of shares
17 X 120 = Rs. 2040 ( LTCL 5270.00)
8 X 120 = Rs. 960 ( LTCL 2360.00
15 X 120 = Rs. 1800 ( LTCG)
Total loss for carry forward Rs.5830.00 ( LTCL)
| Originally posted by : Pankaj Arora | ||
 |
First of all you have to file ITR – 2 Cost of acquisition of shares 17X430 = Rs.7310.00 8X415 = Rs. 3320.00 15 X 0 = 0.00 -------------------- 10,630.00 ------------------- Sales computation of shares 17 X 120 = Rs. 2040 ( LTCL 5270.00) 8 X 120 = Rs. 960 ( LTCL 2360.00 15 X 120 = Rs. 1800 ( LTCG) Total loss for carry forward Rs.5830.00 ( LTCL) |
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AGREE....
BUT IT IS NOT ADJUSTABLE FROM SALARY INCOME, BUT U CAN CARRY FORWARD FOR FUTURES AND IT IS ADJUSTABLE UPTO 8 YEARS BUT ONLY FROM SAME HEAD OF INCOME.
Can Long Term Capital Loss get carried forward? Even though it is a dead loss, can it be reported in Schedule CG B3 and get reported in CFL?
BHUPINDER SHAH AND COMPANY
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