Long term loss on shares

mamta kumbhat (1993) (40 Points)

12 July 2019  

IF IN  ASST. YEAR 2019-20 THERE IS A LONG TERM CAPITAL LOSS ON SHARES AND NO LONG TERM GAIN ,THEN CAN WE CARRY FORWARD THE LOSSES TO THE NEXT EIGHT YEARS AND IF YES THEN UNDER WHICH HEAD IN ITR2.PLEASE ADVISE.

THE VALUE LIMIT OF RS 1 LAC APPLIES TO GAINS ONLY AND NOT LOSS FOR CARRY FORWARD PLS ADVISE