What can I do about long term losses arising out of equity MF? Regards, Sunil
Long term losses in Equity MF
S K (Arch) (27 Points)
03 June 2009
3 Replies
Sunil Kr. Sanganeria
(Service)
(1951 Points)
Replied 03 June 2009
If STT is charged by MF, it will not be adjusted with any Income and will not be carried forward to next year.If no STT is Charged, it can be carried forward to Eight assessment year and can be set off against only Long Term Capital Gains.
S K
(Arch)
(27 Points)
Replied 03 June 2009
Yes STT is charged by MF. Does this mean that it's money gone. In such a scenario, would it not make sense to look at valuation in 12th month and book losses if it is substantially down (by paying 0.25% STT) and book short term losses as they can be carried forward.
Regards,
Sunil
Sunil Kr. Sanganeria
(Service)
(1951 Points)
Replied 04 June 2009
Yes, if your value gone down substantially
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