• Long term capital loss in shares

I have a share portfolio of about 10 lakhs. Shares were purchased in 2010.
Unrealized loss is 4 lakhs.

I would like to understand what I can do to offset my losses : 
1) Can I do intraday and offset short term gains with long term losses ?
2) Can I do short term trading and offset short term gains with long term losses ?
3) Can I do Options trading and offset short term gains with long term losses ?

I am not interested to sell my shares outright and absorb the losses.

Kindly advise .
Asked 2 years ago in Income Tax from Pune, Maharashtra
None of the above 3 propositions are possible under Income Tax Act.
Vijay N. Kale
CA, Hyderabad
248 Answers
12 Consultations

4.9 on 5.0

If the loss has arisen as a long term capital loss then you have no option except to forget it since the long term capital gains on sale of listed equity shares is exempt under Income tax act.
Vijay N. Kale
CA, Hyderabad
248 Answers
12 Consultations

4.9 on 5.0

In the present case first you can declare profit or loss on sale of the stocks in case of unsold stock.

You should not declare unrealized loss in case of unsold stock.

In other case short term loss it can be setoff against short term gains only in succeeding  years . You cannot setoff long term loss on shares against any source as long term capital gain is totally exempt. 
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
95 Consultations

5.0 on 5.0

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