hi, if a person has lost a good amount of funds in equity shares, can he take the rebate if the loss in his ITR.
if so what's is the procedure
pls guide
regards
Bikram
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loss on Shares
Replies (5)
If Long Term Capital loss, declare the same in ITR (File it before due date) & claim the losses against any other LTCG in same year or next 8 years by carry forward facility.
For intraday loss, it can be set off against any speculative income and allowed to carry forward for next 4 years.
what if there is no long term gain , then can I claim the loss in this year .. or do I have to compulsory take it forward for next 8 years
You have to carry forward the LTCL for adjustment against LTCG only.
okk... thanks you if I have any other query I will msg
thanks
thanks
Thanks Vivek for the details
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