ST & LT CG setoff against carried forward LT & ST CL

377 views
User Avatar

37 Points Posted on 20 January 2024

Hi Expers

i have a small query.

i have carried forwarrd losses from previous years,  LTCL 5k and STCL 10k.

if i make LTCG of 50k in this year, can i adjust both of the previous years carried forward losses against this years LTCG ?

i.e. 50k LTCG - 5k Carried forward LTCL - 10k carried forward STCL = 35k taxable ?

kindly advise.

thanks

0 Reply Share Follow Topic
On 20 January 2024 at 20:34 Report
Replies (1)
User Avatar

Accountant
688 Points Posted on 21 January 2024
No. stcl can be set off with stcg only.

so you have to carry forward 10k stcl. and can set off ltcl 5k and pay tax on 45k of ltcg.
1 Reply
On 21 January 2024 at 19:11

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
  2. Generate E-Way Bill for 4 Nos. Suppliers Involveme
  3. Section 54F Exemption
  4. Would you use a free, open-source alternative to s
  5. Business & Finance
  6. Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
  7. Reply of summons issued under section 70 of the cg
  8. How to Bulk GSTIN Number Verify and Validation
  9. OPC Annual Filing Defaults – Need Guidance t
  10. OPC Annual Filing Defaults – Need Guidance t

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details