Can we carry forward long term loss on sale of shares on which STT has been paid?
Also, if we can carry forward then under which head they can be set-off?
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Long term loss on shres
Replies (6)
LTC gain on sale of share is exempt. thus LTC loss cannot be carry forward.
Dear LTCG on sale of shares on which STT has been paid is exemp u/s 10(38)...
Also income includes loss..
Hence loss is exempt having no treatment..
You cannot carry forward it.
Also it is not possible to deduct any expenditure related to it from anywhere as section 14A restricts it.
No. . . . . . . . . . . . . . . no setoff. . . . . . . . . . . . . .
Thanku all.. :)
Can we carry forward long term loss on sale of shares overseas (so STT has not been paid)?
| Originally posted by : Maya shankar | ||
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LTC gain on sale of share is exempt. thus LTC loss cannot be carry forward. |
 |
Fully agree
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