As per section 74 of the Income Tax Act, 1961, both unabsorbed long term capital loss and sort term capital loss can be carried forward to the following assessment year up to a maximum period of 8 assessment years immediately succeeding the assessment year for which such loss was first computed.
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Capital loss in mutual funds and equity
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As per section 74 of the Income Tax Act, 1961, both unabsorbed long term capital loss and sort term capital loss can be carried forward to the following assessment year up to a maximum period of 8 assessment years immediately succeeding the assessment year for which such loss was first computed.
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