Comment on Zerodha - your tax aide while you trade

Vaman Nene commented on 11 Oct 2015, 05:51 PM

Request to answer the following query
– I am having IDFC shares purchased this year and as you know, there is a demerger of IDFC and IDFC Bank. For each share of IDFC, existing shareholders of IDFC will get 1 share each of IDFC Bank when it gets listed.
When this demerger was effective, the shares of IDFC were down to approx Rs 70 and now they are at Rs 61.2.
If I sell by short term holdings, I will book a shot term loss.
Can I claim this loss as Short term Capital loss considering that I would be getting IDFC Bank share somewhere in November when it gets listed?
Will this short term loss be treated as any other short term loss while filing IT return (like I can carry forward this loss to adjust it again short term gains for next 8 years?

Warm regards,
Vaman Nene.

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