About carry forward losses and ltcg expemption of 1.25 lakh

I have filed tax return for fy 2024-25 having LTCG of 118075 and also have carry forward long term loss of 94000. 
So as their is exemption of 1.25lakh LTCG per annum. 
So can I have still carry forward those losses becuse their is exemption of 1.25 lakh  or the losses will be set off first and then exemption will be applied.  
Please guide.
It will not benefit me now as I return has been processed but it will improve knowledge .