Dear team
can we carriforward the share trading loss for 8years? how to carriforward previous year loss on share trading to present income tax return
And one of my client forget to adjust the loss of 2020-21 to his next return is it possible to claim in this year?
please advise
Your trading losses will first be adjusted against incomes in the current year, and the remaining losses (if any) are carried forward to subsequent years. Remember that F&O losses can be carried forward for up to 8 years, while those from intraday trading can only be carried forward for up to 4 years.
CAclubindia
