LTGC query 27122021

Tax queries 132 views 1 replies

Where LTGC is less than  1 lakh,whether we need to setoff brought forward losses against current year LTGC or we carry full brought forward losses to next year ?

Replies (1)

Practically, it is not possible.

The utilities/softwares first set off the BFL to CY Capital gains, and balance is only carried forward.


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