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44ADA and Stock Market Loss

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(Querist)
24 March 2023 Hi, I file my income tax under section 44ada
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.

If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).

Or I have to carry forward loss?

Any other way to set off this loss with my income?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 March 2023 It's long term capital loss to be carried forward and to be set off against long term capital gains only.

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