glidor@gmail.com
21068 Points
Joined January 2010
there are three natures of shares trade
1) long term capital gain ............exempted under sec 10(38)......as gain is exempted, so carry forward does not mean anything as when gain iz zero rated, what to adjust from zero rated gain?
2) short term capital gain ........... special rate 15% ( sec 111A) ..........gains are to be taxed after adjusting current year STCL+ previous year carried forweard STCL ................if still its loss then carry forward for get set off in next year ( max 8 years)
3) intraday trades, -----
a) this are either business activity where you have option to carry forward ( ITR 4 would be filed in this case)
b) if its small amount then show speculation loss and forget the chapter.