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Carry forward Short term loss

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Vikas Rawat

23 Points Posted on 16 July 2023

I have 10K loss in short term . And i dont want to set off this against my long term capital gain as it is below one lakh . So what can i do to forward this short term loss and set it off again short term profit of next financial yr .

Replies (5)

Quick Summary

This discussion explores the possibility of carrying forward a short-term capital loss of £10,000 to the next financial year. The user wishes to avoid setting it off against a long-term capital gain below £1 lakh in the current year. However, the consensus is that short-term losses must be set off against long-term gains in the same financial year, and there's no straightforward way to defer this adjustment to future years.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212444 Points Posted on 16 July 2023

Not possible, it will automatically adjust against LTCG of same financial year.

Vikas Rawat

23 Points Posted on 16 July 2023

Since my long term capital gain is not taxable as it below 1 lakh is it possible that i dnt show long term capital this financial yr so that my short term loss can be adjusted with next yrs short term profits