Capital Gain

ITR -3 is not allowing to setoff grandfathering loss of one share with grandfathering profit in other shares. Is it not permissible under IT Act ??
Replies (7)
Quick Summary
This discussion explores the inability to offset grandfathered losses from one share transaction against grandfathered profits from another within ITR-3. Participants are seeking clarification on whether this is permissible under the Income Tax Act. The concept of 'grandfathering loss' is also being questioned, with a suggestion to refer to YouTube for further understanding.

Grandfather loss doesn't get set off in your income tax return form. Grandfather loss can be set off against his IT return

Grandfather loss can be set off against his IT return......what do you mean ???

Grandfathering loss means???
Please refer any YouTube video, you will get understanding of the term GL.
Elaborate ur question pls??
Is the profit is below 1 lakh

No. That’s why asking....

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