Short term carry forward.loss
This query is : Resolved
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Rashmi Asija
(Querist)
14 July 2024
I have short term carry forward.loss of 22-23 Rs. 2lakhs.
In 23-24 I have gain 400000 but tax is zero and below exemption limit. Can I skip setting off of carry forward loss and setoff in future years where there is tax
In 23-24 I have gain 400000 but tax is zero and below exemption limit. Can I skip setting off of carry forward loss and setoff in future years where there is tax
Dhirajlal Rambhia
(Expert)
14 July 2024
Not allowed. You have to set off b/f losses first.
Dhirajlal Rambhia
(Expert)
25 August 2024
You are welcome.
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