Long term capital loss not carried forward

Tax queries 117 views 3 replies

My ITR for AY 2015-16 includes Capital loss from sale of Debt Mutual Funds.   Through oversight, the Capital Loss was not carried forward in AY 2016-17 & 2017-18.  Can I now carry forward the capital loss of AY 2015-16, in my ITR of AY 2018-19. 

All my returns have been filed within the due date. 

Thanks 

 

Replies (3)

File rectification request for AY 2016-17, if allowed it can be b/f in current year ITR.

I think capital loss can only be set off against capital. gains only and not other heads of income
as said by Mr. dhiraj, rectification is the only option


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