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STCL on listed Shares


Pramod (Student)     15 August 2020

Pramod
Student 
 5 points

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Is Loss from sales of Listed equity shares/Futures eligible for c/f u/s 74?

The section is general one but silent on specific losses.

I just want to confirm about this. I see c/f is for 8yrs.

Is there any specific notification or amendment related to STCL on sale of shares?

Plz comment... Tq

avater

Raj C Doshi (Practising CA)     15 August 2020

Raj C Doshi
Practising CA 
 282 likes  4009 points

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STCL on listed shares shall be carried forward for 8 years as LOSSES UNDER THE HEAD CAPITAL GAIN

Losses from Futures shall be carried forward for 8 years as LOSSES UNDER GHE HEAD ORDINARY BUSINESS

avater

vikram chouhan   15 August 2020

vikram chouhan

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I think you can carry losses of equity future for 4yrs under loss from speculative transaction

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Pramod (Student)     19 August 2020

Pramod
Student 
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@ Raj C Doshi Sir... If trading in Futures contract is done by an Individual salaried person, can it be shown as Ordinary Business, I think it should go under the head CG as it is only personal trading but not done in full time as a business and done in favour of some customers. Plz reply. Tq

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Raj C Doshi (Practising CA)     20 August 2020

Raj C Doshi
Practising CA 
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Dear Pramod, Futures and Options is a business income. No doubt in it.

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Pramod (Student)     20 August 2020

Pramod
Student 
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Ok sir, thank you


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