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LTCL on delisted shares

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Mukesh J Ladia

Officer

152 Points Posted on 12 September 2021

How to show LTCL for delisted shares in IT return ?

Replies (3)

Quick Summary

This discussion explains how to report Long Term Capital Loss (LTCL) from delisted shares in your Income Tax (IT) return. Unlike listed shares, delisted shares do not qualify for the special 112A tax rate and are treated as ordinary capital assets. You can deduct this loss from other long-term capital gains or carry it forward for up to eight years if there are no current long-term capital gains.

Aniruddha Patra

150 Points Posted on 12 September 2021

It will show under income from capital gain head in itr.

veerendar singh

tax consultant

3306 Points Posted on 12 September 2021

You wont be eligible for 112A special rate. it will be ordinary capital asset

Mukesh J Ladia

Officer

152 Points Posted on 12 September 2021

It's as loss for delisted shares, so can it be deducted from other long term capital gain or carry forward for next 8 year, if there is no long term capital gain ?