i have lost around 10 lakhs in equity stock market. i will show this loss in STCG when filing returns this year. after April-19 this year if i get any profit can i adjust the profit against the loss i incurred in FY18-19 ?
8 Replies
RAHUL
(Student CA Final )
(377 Points)
Replied 20 January 2019
If your loss was as a result of speculation in prices of equity shares then that loss can be adjusted only with similar speculation income. if the loss was from short term investment in shares then they can be adjusted only with capital gain and not any other income.
apro
(TaxPayer)
(50 Points)
Replied 20 January 2019
profit from sale of house can that be adjusted against loss in speculation of equity trades ?
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 20 January 2019
loss from speculation cannot be set off against any income other than speculation income
apro
(TaxPayer)
(50 Points)
Replied 20 January 2019
| Originally posted by : RAHUL | ||
 |
If your loss was as a result of speculation in prices of equity shares then that loss can be adjusted only with similar speculation income. if the loss was from short term investment in shares then they can be adjusted only with capital gain and not any other income. |  |
so i can adjust capital gain from equity shares after 3 years also ?
apro
(TaxPayer)
(50 Points)
Replied 21 January 2019
can i adjust loss from equity shares after 3 years also ?
shiva
(Qualified chartered Accountant)
(21 Points)
Replied 22 January 2019
No it is a speculative loss
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