I had loss from stock market so if i am not able to set off my entire capital loss in the same year, can the losses carried forward for 8 Assessment Years ?
apro
(TaxPayer)
(50 Points)
Replied 24 January 2019
can any able CA pls reply ? can the losses from speculation carried forward to 8 Assessment Years ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175681 Points)
Replied 27 January 2019
Unabsorbed speculation business loss can be carried forward only for a period of 4 years.
Tax Audit liability u/s. 44AB to be checked.
apro
(TaxPayer)
(50 Points)
Replied 06 February 2019
I believe Tax Audit liability u/s. 44AB is applicable for stock brokerage firms and not to individuals !
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
