Dear experts
I had carried forward approx. 26000 Long term loss in AY21-22 ITR.
In AY22-23 I have around 65000 Long term capital gain which is well within tax free limit of 1 lakh. While filing ITR for AY22-23, if I bring forward that carried forward loss, it just gets adjusted with 65000 LTCG and without any benefit.
I want to know, can I skip bringing forward this loss in AY22-23 ITR and bring it forward next year in AY23-24 ITR as I am expecting to book more than 1 lakh LTCG this year?
Please suggest
CAclubindia
