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Capital gain and capital loss
can short or long term loss can be deducted from salary income while filling return???
Replies (5)
No, it can't be deducted
No, short term capital loss on long term capital loss can be adjusted only through intra head.
Further short term capital loss can be set off against STCG and LTCG but long term capital loss can only be set off against LTCG
Short term capital loss can be set off against long term capital gain in the same year.but long term capital loss cannot be set off against short term capital gain in the same year. from the next year for what both can be set off against only with them.
I read somewhere that long term loss can be carry forward for 8years. is I need to mention loss in current year itr to carry it forward??
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