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Can we carry forward Long Term Capital gain

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Shreenivas Raparti

2 Points Posted on 11 December 2021

Hello, Can we carry forward Long term Capital gains for the year through next year short term capital losses. I am anticipating short term capital gain losses in this fiscal year and want to adjust it against last fiscal capital gains. Pl suggest

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Quick Summary

This discussion clarifies that long-term capital gains cannot be carried forward to future tax years. While capital losses can be carried forward to offset future gains, gains themselves are taxable in the year they are realised. Therefore, you cannot use anticipated short-term capital losses from the current year to adjust against long-term capital gains from a previous fiscal year.