Short Term Capital Loss u/s 111A
This query is : Resolved
30 July 2010
Whether STCL u/s 111A be carry forward????
30 July 2010
Yes. It can be carry forward provided you file your return in time u/s 139(1).
IF belated return is filed u/s 139(4) carry forward not possible.
STCL can as be carried forward for eight successive assessment years to be offset against any nature of capital gains.( STCG OR LTCG).
IF belated return is filed u/s 139(4) carry forward not possible.
STCL can as be carried forward for eight successive assessment years to be offset against any nature of capital gains.( STCG OR LTCG).
30 July 2010
you can carry forward the STCL if and only if you are filing the return u/s 139 (1) Else there is no question of carry forward
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