A parent has a carried forward long term loss (shares, off market) in FY 2012-13. Can this loss be set-off against a minor's long term gain (shares, off market) for FY 2013-14?
Minor's income is clubbed with the same parent since many years. Logically it seems allowable. But law (and that too Income Tax!) isn't always logical.
Thank you :)
CAclubindia
