MY CLIENT IS HAVING LTCG SAY OF 50000 AND SIMULTANEOUSLY LONG TERM CAPITAL LOSS OF 25000 BOTH ARE FROM SHARE TRADING ON WHICH STT HAS BEEN PAID SO CAN I CARRY FORWARD 25000 LOSS FOR 8 YRS OR IT IS COMPULSORY TO SETOFF AGAINST EXMPT INCOME OF 50000
Long term capital gain setoff against ltcloss compulsory
PRASAD (ARTICLE) (34 Points)
20 October 2011