IF IN ASST. YEAR 2019-20 THERE IS A LONG TERM CAPITAL LOSS ON SHARES AND NO LONG TERM GAIN ,THEN CAN WE CARRY FORWARD THE LOSSES TO THE NEXT EIGHT YEARS AND IF YES THEN UNDER WHICH HEAD IN ITR2.PLEASE ADVISE.
THE VALUE LIMIT OF RS 1 LAC APPLIES TO GAINS ONLY AND NOT LOSS FOR CARRY FORWARD PLS ADVISE
If there was a LTCL from equity (Schedule CG B4) and there was a LTCG from Debt (Schedule CG B9) the gain from Debt is getting adjusted with the loss from equity.
Is this the correct way to report Capital Gains starting AY 19-20?
Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
View Details
CAclubindia
