Hi everyone,
I lost around 4000 rupees in share market with in this current financial year. Is it possible to get any tax benefits on this? Do we have any acts defined on this?
Lalit Kumar
(Vice President )
(2213 Points)
Replied 29 December 2011
Since the Capital Gains from shares are Exempt under the IT Act, one cannot claim any losses incurred during the year owning to shares.
CAclubindia
