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 .
Menu
Carry forward Short term loss
Replies (5)
Not possible, it will automatically adjust against LTCG of same financial year.
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
Very strange, how can you prolong LTCG for next year? What about AIS reporting LT & ST capital gains this year?
Thank u for giving the clarity . So it means we have no other option .
Sorry. Had there been any, I would have loved to announce it.
Related Threads
CAclubindia
