Dear Sir/Ma'am,
I have a query which I have given below. If you can throw some light on it then it will be really helpful.
I was having a Short Term Capital Loss of Rs. 80,000/- in FY 2020-2021. I carry forwarded it. In ITR of FY 2021-2022 ITR I had Short Term Capital Gain of Rs. 10,000/-. This Rs. 10,000/- got adjusted automatically against FY 2020-2021 loss of Rs. 80,000/- and Rs.70,000- got carry forward.
Now my query is while filing ITR for FY 2022-2023 in Carry Forward Loss Table should I mention losses of FY 2020-2021 as Rs. 70,000/- or Rs. 80,000/-. If I have to mention Rs. 80,000/- then how do I tell them that I have already set off Rs. 10,000/- in FY 2021-2022.
CAclubindia
