Carry Forward losses from Previous years

You mean to say that your entire capital gain of F.Y.2019-20 is exhausted by basic exemption limit and hence your tax payable is NIL!

You First set off Capital Gain Loss than Claim Basic Limit Benefit

I don't think their is any option like that
but if you want check In setoff section

Yes the capital gains are within the basic exemption limit for zero tax. This is the case as the assessee is a senior citizen, and hence using previous years losses to set off adds no benefit. She could potentially use the C/f loss for this year due to larger property related capital gains in FY 2020-21. Hence is there a provision to not use carry forward losses in AY 2020-21 and hence carry forward to AY 2021-22?

"You First set off Capital Gain Loss than Claim Basic Limit Benefit"
I could not find any rule in IT Act which says that this is mandatory!! Hence seeking any options.

@ raghu..the adjustment relating to set off of previous years losses is done before calculating net total taxable income which is the amount on which final tax liability of the assessee is determined. That means we need to take into account the set off adjustment in order to calculate the tax liability. Further, basic exemption limit comes into picture after calculating the tax amount. Hence, in your case also first set off of losses shall be adjusted and the balance amount shall be used against the basic exemption limit.

I agreee with @ Kiran Ji

 

@ Kiran Hathalia - Thank you for your response. Does this mean that the set of of previous years losses is by default to be carried out as soon as there is a corresponding capital gain against which it can be set off, irrespective of whether the set off would benefit the Assessee or not? 

Yes, rightly said by you. Since, as per the Income-tax Act, hierarchy needs to be followed for calculating the taxable income. @ raghu

Thanks Kiran. Also If the Assessee does not show the Previous Year's loss in this years tax return (and hence effectively no set off against capital gains for this year will occur) but she has declared the loss as carry forward in all previous years since the loss has occurred, will there be a problem to utilize the loss to set off against gains in future years?

Set off of losses is mandatory exercise in computation of income. Neither the assessee nor the tax authorities have any option to defer the set off of losses unless the same can not be absorbed by current year's income.