How to get tax benefit for loss in stock market?

Dear Sir,

I want to know about subjected matter.

For example - I have lost Rs. 1 L in FY 2012-2013 in stock market. Further 1 L in FY 2013-2014. How do i utilize these figures to get some tax benefits now?

Regards, Akshay

asked Jul 23 '14 at 16:12 by akshay jain 114

These capital losses can be set off against capital gains of similar nature only.

So if you have carried forward these losses from previous year to this year and also have capital gains, it can be set off.

answered Jul 23 '14 at 16:15 by Pankaj Batra 5.2k320


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Asked: Jul 23 '14 at 16:12

Seen: 1,498 times

Last updated: Jul 23 '14 at 16:15