about provision in itr
when a stock, domestic or foreign is sold at a loss, short term or long term then for the loss amount, is there a provision to reduce the loss amount from income while filing ITR? or maybe something like carry forward of loss or something? I am not talking about day traders but for individual investors.
@Jarvis.-. @flash007 @LordGane @legend101 @Watcher @Rajkotian @Demon_slayer
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+ @xmenlogan123 thanks.so it can be only used to offset capital gain from stocks? Short term loss against short term gain and long against long? They cannot be used to set off loss or gain against sale of property?
https://www.desidime.com/comments/permalink/9694016
Can be done with equity to equity ( stock + equity mutual fund)
thanks. short term loss on equity can be set off against long term profit on equity? i mean short term can be set off against long term if both are equity?
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Short term and long term loss can be carried forward for 4/8 years.
It can't be offset with other incomes.