Rules for adjusting ST Capital Loss

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  1. aartim159

    aartim159 New Member

    If I have a STCL of Rs 50 Lacs and a LTCG arising out of sale of equity shares / mutual funds of Rs 100 lacs (no tax is payable here), do I have to mandatorily adjust these against each other even tho there is no tax payable, or can I carry forward my my STCL to the next year ?
  2. Raunak Gupta

    Raunak Gupta New Member


    Since the LTCG is due to sale of equity shares/mutual funds which is exempt u/s10(38), it will have no tax treatment. Even in the ITR, it will just be shown for reporting purposes. The STCL of Rs50L can be carried forward to future year/s.
  3. aartim159

    aartim159 New Member

    Thank you for the clarification.
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