Capital Loss

This query is : Resolved

VINOD KUMAR JHA (Querist)
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04 March 2010 1 - can you suggest me if long term capital loss, arising on sale of equity share at stock exchange, can be carried forward or not

2- Whether these loss can be adjusted aginst gain on sale of share which is not traded on Stock Exchange.

Reply Me Soon

Regards
Avneesh Jain

Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 March 2010 Since LTC gain is exempt loss cannot be carried forward or be set off against other long term capital gains.

SO answer is negative to both your query

CA Robin Betala

CA Robin Betala (Expert)
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04 March 2010 If you are able to sell such share outside the exchange , without paying stt , you will be able to set off the Long term capital loss from share LTG

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