I have short term and long term capital loss in current fy. Can I carry forward it. please explain to how many years I can carry forward it. can both long and short term loss both can be carry forward??
No, no there was a mistake, you can set off any capital loss against only such income from capital gain and you can set off from other assessment years also
Losses under other head with some exceptions can be set off against STCG or LTCG but STCL can be against STCG and LTCG and LTCL can be adjusted against only LTCG.
CAclubindia
