Unfortunately since you did not file your ITR for the previous year hence that loss would not be allowed to be carried forward.
assuming you income is only Rs. 7 lacs (after eligible deductions) your tax slab would be @ 20% for the FY 2010-11.
What are your expectations to the subscription figures for PSB ?? Some are stating that in retail it might get oversubscribed by 50-100 times resulting in pathetic allocations on a 2 lac application...
It is defined in the act that loss from any source whose income is tax free would also be capital loss. Under the provisions of IT act it is not your choice to set off or not...It is mandatory to be done. You would need to set off your long term capital loss with long term capital...
Yes, It can be set off.
But it would be one's loss since short term Capital loss would have been carried forwarded for 8 years and set off against any short term capital gain tax liability of the future.
No cannot be set off
And long term capital gain is exempt hence selling all together or in tranches would not have any effect.
The business loss would be carried forwarded and set off from your business income from future. This can be carried forwarded for 8 yrs