I have Short Term Capital Gain on listed securities of about Rs. 4 lakh from 01.04.2024 to 22.07.24 which is taxable at 15%. I also have Short term capital loss on listed securities of about Rs. 1 lakh from 23.07.2024 till date. Now can I adjust this loss against the gains although the tax implications are different? Or I pay tax on Rs. 4 lakh gain and carry over loss of Rs. 1 lakh? Clarity in the matter is requested.
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Adjustment of Short Term Capital Gain/Loss pre and post 23.07.2024
Replies (2)
Your reply as above is very clear that the STCL after 22.07.24 can be adjusted against STCG upto 22.07.24.
But at the time of quarterly segregation of STCG in ITR, negative figure is not accepted for transactions after 22.07.24.
Please clarify how we should report quarterly segregation in ITR.
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