I have 10K loss in short term . And i dont want to set off this against my long term capital gain as it is below one lakh . So what can i do to forward this short term loss and set it off again short term profit of next financial yr .
Vikas Rawat (20 Points)
16 July 2023I have 10K loss in short term . And i dont want to set off this against my long term capital gain as it is below one lakh . So what can i do to forward this short term loss and set it off again short term profit of next financial yr .
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 16 July 2023
Not possible, it will automatically adjust against LTCG of same financial year.
Vikas Rawat
(20 Points)
Replied 16 July 2023
Since my long term capital gain is not taxable as it below 1 lakh is it possible that i dnt show long term capital this financial yr so that my short term loss can be adjusted with next yrs short term profits
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 16 July 2023
Very strange, how can you prolong LTCG for next year? What about AIS reporting LT & ST capital gains this year?
Vikas Rawat
(20 Points)
Replied 16 July 2023
Thank u for giving the clarity . So it means we have no other option .
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 16 July 2023
Sorry. Had there been any, I would have loved to announce it.
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