Mr A has B/fd losses of, say, Rs. 10 Lacs in AY 0809. He passes away in AY 0910. All returns are regularly filled before due dates by his wife. As per will his stock of shares in trading A/c should be sold and a trading profit of say Rs 9 Lacs is generated. Can this be adjusted against his b/fd losses of Rs. 10 Lacs?
Asked on 2/28/13, 4:11 am
1 Answer from Attorneys
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