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Carry Forward and Set-Off of Capital Loss under the head 'Capital Gains' (Section 74)

If the net result of the computation under the head “Capital gains” is a loss, the whole of the loss shall be carried forward to the following assessment year as follows—

  1. Long-term capital loss can be set off only against long-term capital gains.

  2. Short-term capital loss can be set off against short-term or long-term capital gains.

  3. Such loss can be carried forward for 8 (eight) assessment years immediately succeeding the assessment year in which the loss was first computed.

  4. Such loss cannot be carried forward unless return is filed within the time limit of section 139(1)

CONTENT : Set off or Carry Forward and Set off of Losses [Sections 70 to 80]

Related Topics... 'Set Off or Carry Forward and Set Off of Losses'

1. Set off or Carry Forward and Set off of Losses [Sections 70 to 80]

2. Carry Forward and Set Off of Loss from House Property [Section 71B]

3. Carry Forward and Set off of Business Losses other than Speculation Loss (Section 72)

4. Carry Forward and Set-Off of the Accumulated Business Losses and Unabsorbed Depreciation Allowance in Amalgamation or Demerger, etc. (Section 72A)

5. Carry Forward and Set off of Speculation Loss (Section 73)

6. Carry Forward and Set-Off of Loss from activity of Owning and Maintaining Race Horses (Section 74A)

7. Carry Forward and Set-Off of Capital Loss under the head 'Capital Gains' (Section 74)

8. Carry Forward and Set off of Loss of a 'Specified Business' referree in Section 45AD (Section 73A)




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