banner_ad

Carry Forwards Losses on Short Term Capital Gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2022 Sir,
My query is if suppose Short Term Capital Loss in FY 2020-21 is Rs.25000/- and if it is carry forward next year. Now suppose Short Term Capital Gain in FY 2021-22 is Rs.50000/- but if I do not want to take set off of last year short term capital loss this year because my taxable income is below Rs.2.5 Lakh then is it allowable that I may be allowed to set off this Rs.25000/- loss in subsequent year of my choice up to maximum of 4 years ?? or It is necessary or compulsory to take set off next year only as there is short term capital gain in FY 2021-22??. Pl reply .
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 July 2022 It is necessary or compulsory to take set off next year only as there is short term capital gain in FY 2021-22.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details