18 July 2011
Sir, I have STCL from sale of shares through exchange in year 2008, which i have shown in my tax return and carried it forward. In year 2010 i have LTCG from sale of residential property. Now, can i offset the carried forward STCL against this LTCG in my 31 july 2011 return. Different CAs have different opinion about this. I shall be grateful to you if you answer this query. Regards, Anupam
CAclubindia
