Yes you can. Set off and carry forward of capital losses is allowed.
If I opt for 115BA, can we set off against LTCG losses from Sale of Equity Shares
If I as an individual opt for 115BA (and use its reduced slab rates), can I still carry forward LTCG loss in Equity and in case of ltcg gain, can I set off against LTCG losses of previous years?
Asked 3 years ago in Income Tax
No
Dear Sir,
Hope you are doing well !!
Yes, you can set off the same.
There is no such restrictions on capital losses.
Hi
Yes can carry forward LTCG loss & eligible for set off.
Hi
Yes, such losses can be carried forward and used for setoff.
Yes using reduced rates won't affect your capital gain income.
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