SEC – 74: LOSS UNDER THE HEAD CAPITAL GAINS
| Brought forward Long term capital loss | Can be set off against current year Long term Capital Gain |
| Brought forward Long term capital loss | Cannot be set off against current year Short term Capital Gains |
| Brought forward Short term capital loss | Can be set off against current year Short term Capital Gains |
| Brought forward Short term capital loss | Can be set off against current year Long term Capital Gain |
NOTES:-
- Such capital losses can be carried forward to a maximum of 8 AYs, immediately succeeding the AY for which the loss was first computed.
- It is necessary that a return of loss is furnished before the due date prescribed u/s 139(1).