I had loss from stock market so if i am not able to set off my entire capital loss in the same year, can the losses carried forward for 8 Assessment Years ?
I had loss from stock market so if i am not able to set off my entire capital loss in the same year, can the losses carried forward for 8 Assessment Years ?
can any able CA pls reply ? can the losses from speculation carried forward to 8 Assessment Years ?
Unabsorbed speculation business loss can be carried forward only for a period of 4 years.
Tax Audit liability u/s. 44AB to be checked.
I believe Tax Audit liability u/s. 44AB is applicable for stock brokerage firms and not to individuals !
O P Bagla & Co LLP
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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