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Set off of short term capital loss

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(Querist)
21 July 2017 Hi,

I have C/f STC Loss of Rs. 50,000/- pertaining to A. Y. 2014-15.

In this year (A. Y. 2017-18) , I have made STCG of Rs 41,000/-.

My total income including the STCG is below 2.5 lacs. Hence, no tax.

Can I choose NOT to set-off STC Loss against the STCG of this year and carry forward the entire STC Loss of Rs. 50,000/- to subsequent years?

Case Law if any would be highly appreciated.

Thanks,
Niki.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
21 July 2017 No, you can't do that. Not set off income after having income can't c/f.
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