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
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STCL on listed Shares
Replies (5)
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
Losses from Futures shall be carried forward for 8 years as LOSSES UNDER GHE HEAD ORDINARY BUSINESS
I think you can carry losses of equity future for 4yrs under loss from speculative transaction
@ 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
Dear Pramod, Futures and Options is a business income. No doubt in it.
Ok sir, thank you
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