Comment on Tax loss harvesting opportunity for fiscal year (FY) 2021-22
commented on
23 Mar 2022, 05:32 PM
Hey Raju,
In the same financial you can set off:
1. Speculative business losses (intraday) against speculative gains
2. 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. Non-speculative business losses (F&O) for 8 years
2. Speculative business losses for (Intraday) 4 years
Read more on set off and carry forward losses here -> https://learn.quicko.com/set-off-carry-forward-loss-income-tax