Ltcl/stcl in listed co. shares

354 views 2 replies

Sir,

Is it compulsary to show long or short term capital losses from share trading in income tax return if one does not want to carry forward losses for future years. Of course till now long term capital loss was dead loss. But from next year it will not be dead loss I can carry forward it. if i am wrong please correct me. I sold some shares in FY 18-19 There is long term capital gain as per old system of calculation and same becomes long term capital loss if I consider cost of acqusition as fair market value as on 31 Jan 18 so now should I show loss or gain in AY (19-20) 's ITR

I will be very much grateful if someone will guide me on above matter.

Thank you

Malhar Deshpande

Replies (2)

LTCL ---if I consider cost of acqusition as fair market value as on 31 Jan 18 so now should I show loss or gain in AY (19-20) 's ITR?

Its neither gaain nor loss!!

In such cases, the COA is lower of sell price or grandfathered value......

 

Did not understand Sir. So I need not to show loss or gain

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details