Disclosure of long term capital loss

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Apurva Swaminathan (Querist)
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29 November 2020 In Assessment Year 2017-18, first time I incurred a long term capital loss and showed it by filing ITR-3. In the next AY i.e. 2018-19, i filed ITR 3 but missed to show the loss of previous year as "to be carried forward"

In AY 2019-20, due to change in nature of income, i filed ITR-1 and once again forgot about carry forward of the long term capital loss.

In AY 2020-21, I want to set off this long term loss against a long term capital gain. Can i still go ahead and file ITR 2 directly? (even though previous two years i did not show the carry forward)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 November 2020 Previous two years you did not show the carry forward hence you can't set it off now.

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