Capital Gain set off losses query?

Hi All,

In Finacial Year 2021-22 having following capital losses (STCG - 100000 and LTCG - 50000) filed before 31st July 2022.

In Next Financial Year 2022-2023 having following capital losses (STCG -100000 LTCG-0) filed after 31st July 2023.

In Current Financial Year 2023-2024 having capital gain of (STCG-200000).

Query - Since last year I filed after due date of ITR, I believe I can not set off against current year capital gain but in Financial 2021-22 capital losses can I set off against of current financial year capital gain?

Can someone help me with this query?

Replies (2)
Quick Summary
This discussion addresses a query about setting off capital losses against capital gains for tax purposes. The user had capital losses in FY21-22 and FY22-23, and a capital gain in FY23-24. They are seeking clarification on whether losses from FY21-22 can be offset against current year gains, especially since their FY22-23 return was filed after the due date.

Yes, you are correct, you can claim the losses only of the financial year 2021-22, against current year gains.

Appreciate for clarification :)

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