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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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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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