Carryforward of short term capital loss
This query is : Resolved
21 December 2021
I have income only from short term capital gain of Rs 200000. I had brought forwarded short term capital loss of Rs 500000 from previous years. Can I carry forward the previous year loss of Rs 500000 as my current year income is below 250000 and is not taxable?
21 December 2021
No, adjust the gain and carry forward only 3 lacs.
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28 December 2021
Long term loss I had purchased shares before 31st January 2018 which I sold in the financial year 2020-21. I incurred a long term loss of Rs 6,00,000. Can I give it as consolidated long term loss bought after 31st January 2018 in schedule 112a as grandfathering clause has no effect on loss?
28 December 2021
Yes, you can do that no problem.
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