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Can I carry forward the losses incurred under the Income Tax Act?

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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