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
CAclubindia
