Adjustment of short term capital loss from shares

Hello Everybody

Can brought forwarded short term capital loss from shares be adjusted against long term capital gain from sale of any assests {except LTCG from shares (STT Paid)]? Please explain the income heads against which we can adjust the short term capital loss from shares.

Kindly reply asap

Thanks

Ajay Singh

Replies (3)

Broght forward short term capital loss can be adjusted against Taxable Long Term capital gain or short term capital gain of current assessment year. Short term capital loss can be carried forward upto 8 Assessment years provided you have filed return showing loss within due date under section 139(1) of IT act.  The short term capital loss should be adjusted against the INCOME UNDER THE HEAD CAPITAL GAIN. The loss remaining after set off can be carried forward for remaining assessments years of 8 years

Originally posted by : R K SINGH

Broght forward short term capital loss can be adjusted against Taxable Long Term capital gain or short term capital gain of current assessment year. Short term capital loss can be carried forward upto 8 Assessment years provided you have filed return showing loss within due date under section 139(1) of IT act.  The short term capital loss should be adjusted against the INCOME UNDER THE HEAD CAPITAL GAIN. The loss remaining after set off can be carried forward for remaining assessments years of 8 years

I had STCG (loss) in AY11-12 (say 20000/-) & AY12-13 (say 60000/-) which I had shown in ITR-2. Further I had STCG (gain) in AY13-14 (20000/-) which I had set off against earlier years losses. Now when I am filling ITR-2 for AY14-15 in which I do not have any STCG (gain or loss), how much amount out of @ 20000/- in AY11-12 and 60000/- in AY12-13 will be my carry forward loss in AY14-15 and in which section I need to fill all those figures. If I mention 20000/- & 60000/- in CFL in relevant rows, it shown 80000/- carry forwrad which is not the case because I have already set off 20000/- in AY13-14 and I have only 60000/- effectively to carry forwrad. How I fill ITR-2. Please help.
 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details