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. In current year (AY2013-14), 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? ph india mumbai 022-22014936 -- 09146295502
Asked on 3/03/13, 2:11 am
1 Answer from Attorneys
Jayesh Desai
Jayesh Desai
One needs to see the Returns, as to how and in what capacity, the same have been filed, before responding to your query.
Answered on 3/04/13, 3:51 am
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