Carry forward of capital losses: short term and long term losses offset only within same category and subject to time limit. Unapplied loss under the head Capital gains may be carried forward and, when carried forward, short term capital loss may be set off only against capital ... Summary
Carry forward of capital losses: short term and long term losses offset only within same category and subject to time limit.
Unapplied loss under the head Capital gains may be carried forward and, when carried forward, short term capital loss may be set off only against capital gains from other capital assets and long term capital loss only against capital gains from other long term capital assets; any unabsorbed portion is carried forward further subject to a statutory time limit on carry forward.
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