Hi Guys,
I purchased shares on 25/07/2007 for Rs 46,050 and sold on 01/01/2011 for Rs 3,791.99 and I am in loss for Rs 42,258. My query is whether can I show in this financial year that is AY 2013- 2014 as a long term capital loss.
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Long term capital loss
Replies (6)
Have Paid the Securities Transaction tax?
Yes I have paid the security transcation tax, Please advise ..!! Please reply ASAP..!
u cant Set off the Long term capital loss...Cos income of the same is exempt under Sec 10(38).
Hi Guys ,
Please reply for the above ask query..!!
| Originally posted by : The Redemption | ||
 |
u cant Set off the Long term capital loss...Cos income of the same is exempt under Sec 10(38) |
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still not clear with the answer ,Pls explain in detail with my above example.
In laymans language u cannot claim this loss or these losses are not going to reduce ur taxes.
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