Comment on Tax loss harvesting opportunity for fiscal year (FY) 2021-22

Team Quicko commented on 23 Mar 2022, 05:27 PM

Hey Jignesh,

In the same financial you can set off:
1. Long term capital losses against long term capital gains
2. Short term capital losses against both long term and short term capital gains
3. Speculative business losses (intraday) against speculative gains
4. Non-speculative business losses (F&O) against any income expect salary

You can also carry forward the remaining losses, provided you file your ITR before the due date:
1. Capital Losses for 8 years
2. Non-speculative business losses (F&O) for 8 years
3. Speculative business losses for (Intraday) 4 years

Read more on set off and carry forward losses here ->

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