10 December 2009
Sorry, You cannot adjust the Short term capital loss against Salary Income.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 December 2009
Can we and if yes for how many years one can carry short term losses to write off against short term profit if any. Also against what other income can one write off short term losses. Thanks
10 December 2009
You can carry forward the loss up to 8 years immediately succeeding to the year of loss .and can be set off income under the head capital gain any capital gain (Short term & Long term) but your return of Loss should be filed to income tax with in due date