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Can I carry forward the losses incurred from dealing in foreign listed securities under Income Tax Act?

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  • Can I carry forward the losses incurred from dealing in foreign listed securities under Income Tax Act?
Published on - August 24, 2020

Yes. The losses arising from the sale of foreign listed securities can be carried forward up to eight consecutive years while losses from speculative business can be carried forward for a period of 4 years.

Losses

Can be Set off against

page8image3753424Can be Carried Forward up to

STCL

STCG or LTCG

page8image37432328 years

LTCL

LTCG

8 years

Business Loss

Any other income except salary

8 years

Speculative business loss

Speculative Income

 4 years



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