whether capital gains of previous year can be offset against current year capital loss and refund of capital gains tax paid last year can be sought in current year as per Income tax act in india
mahan (self) (88 Points)
21 June 2024whether capital gains of previous year can be offset against current year capital loss and refund of capital gains tax paid last year can be sought in current year as per Income tax act in india
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 21 June 2024
No, Not possible. Current year's loss if not offset with other CG/s, can be carried forward to be adjusted against future gains.