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Long Term Capital Loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2010 Dear Sir,

Long Term Loss Rs. 1,79,787/- During the year
can i Carry forward?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 July 2010 If the loss is in shares of which gain is exempt u/s 10(38) then the same cannot be carried forward then loss cannot be carried forward.

If loss due to other than above then loss can be carried forward if return filed within the due date.
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
24 July 2010 agreed with aditya
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