Capital gains of previous year to offset current year capital loss

Tax queries 105 views 1 replies

whether capital gains of previous year can be offset against current year capital loss and refund of capital gains tax paid last year can be sought in current year as per Income tax act in india

 

Replies (1)

No, Not possible. Current year's loss if not offset with other CG/s, can be carried forward to be adjusted against future gains.


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