Legal Question in Tax Law in India

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.

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Answered on 3/04/13, 3:51 am


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