Booking loss to set off Short term Capital gains

Moderator Posts : 7 Join date : 2008-01-18

Hi Anid,
I am thinking of booking loss for some of my stocks, to set off against the short term Capital gains for this FY.
However the question i have is

My loss as of now is way higher than the Capital Gains.I read that if the booked loss is more than the capital gains, then the loss can be carried forward and adjusted for 8 Financial years.

Is that true. Is it a good idea to book losses on some of the dud stocks and set the loss off against capital gains.

My Capital gains are only from Equity.
I woud like to know your thoughts on this.

Thanks,
SR.

Booking loss for such reason is noway suggestable. Just hold on.

Rich + Posts : 16 Join date : 2008-01-18

if you have some free cash, you can buy first at some good price and then sell off... you will lose only transaction charges. and FIFO will let you 'show' loss in your books Smile

Posts : 3 Join date : 2008-01-19

Are you in desperate need of the cash? Only then go in for it, else stay put! Crying or Very sad

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