Adjustment of long term capital loss with short term capital gains

Somesh Tandon (2 Points)

18 February 2023  

Hello

Please guide if we can adjust LTCLoss with STCGain.  For eg. if i have made a LTCLoss of Rs.10.lakhs in the current financial year and a STCGain of Rs.6.lakhs then will it be adjusted with each other and i can carry forward a loss of Rs.4.lakhs for future years. OR is it not adjustable with each other and I have to pay tax on the STCGain and the full LTCLoss gets carried over to be adjusted only against LTCLoss in future years. Thank you