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

Tax queries 313 views 1 replies

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

Replies (1)
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details