Capital losses

This query is : Resolved 

05 December 2013 Respected sirs,

Pls guide if a person has suffered capital loss in a financial year then how we have to deal with this in income calculation.

Pls guide.

05 December 2013 Capital loss can be set off against only capital gains.
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In the absence of any such capital gains, such capital loss is ignored for the purpose of income calculation.
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However, if you file the return on or before the due date of filing of the return, you can carry forward it to the next AY.
.



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