Tally A/C entry for carrying forward Short Term Capital Loss

Accounting Entries 1910 views 1 replies

Hi,

Good Day.

I have incurred Long Term Capital Gain & Short Term Capital Loss (Loss is higher than the Gain) through share trading.  Looking to account for the same in Tally Accounting Software.

As per IT Act i understand can carry forward the adjusted loss for 8 years.  Kindly help me with

1.  Accounting heads to which LTCG & STCL should go into

2. Accounting entry journal to adjust the STCL with LTCG

3. Carrying Forward the adjusted loss for the next subsequent year for future adjustments with future gains.

Thanks in advance.

Replies (1)
Accounting heads should be..

Long Term Capital Gain under Capital Account

Short Term Capital Gain under Capital Account

LTCG entry will be..

Asset/Share trading a/c dr
to LTCG A/c

STCG entry will be..

Asset/Share trading a/c dr
to STCG a/c

For capital losses entry will be reversed.

For set off entry will be..

Short term capital loss a/c dr
to LTCG a/c


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details