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 |
|
STCL | STCG or LTCG |
|
LTCL | LTCG | 8 years |
Business Loss | Any other income except salary | 8 years |
Speculative business loss | Speculative Income | 4 years |
Can be Carried Forward up to
8 years