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Capital Gain set off losses query?

Tax queries 418 views 2 replies

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)

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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