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

Vijaykumar Chandrasekaran (43 Points)

26 April 2021  

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.