Set off Long term Capital Loss

222 views
User Avatar

157 Points Posted on 01 May 2023
I have Long term capital loss on shares brought forward from last year. Return was filed in time.
Against which income I can set off this loss in current year's income?
0 Reply Share Follow
On 01 May 2023 at 16:19 Report
Replies (2)
Quick Summary
This discussion clarifies how to utilise a brought-forward long-term capital loss from a previous tax year. The key point is that such losses can only be offset against long-term capital gains realised in the current financial year. It's important to ensure the original return was filed on time to claim this relief.

User Avatar

SEO Sai Gr. Hosp.
212506 Points Posted on 01 May 2023

Only against Long Term Capital Gains.

2 Reply
On 01 May 2023 at 18:17
User Avatar

accountant
22 Points Posted on 01 May 2023
Unable to load content
Reply
On 01 May 2023 at 19:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Belated Return where Form 10IEA filed this year to
  2. GST Reconciliation Tool (2A vs Books) - looking fo
  3. TDS ON PF FORM 19 WITHDRAWAL
  4. Can a virtual office in Mumbai be used for company
  5. Eway and e invoicing in condition where 4 party ar
  6. Bank balance in ITR-3
  7. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  8. Tempsens Instruments IPO GMP Allotment Listing dat
  9. Upload Type - Correction. Not showing in TDS filli
  10. Partnership tax audit query

More recent discussions | Post

Related Topics :

Loading