Carry Forward of Long Term Capital Loss on Mutual Funds?



Hi,

I sold 300 units of MF (Equity based). I sold it after 1 year of purchase and STT was deducted during sales.

I did not make any gain and the loss was Rs. 7000. I don’t have any other short term or long term capital gains.

Can I carry forward this loss to next year?

Carry Forward of Long Term Capital Loss on Mutual Funds?
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One Reply to “Carry Forward of Long Term Capital Loss on Mutual Funds?”

  1. Long-term capital losses on financial assets can be offset against long-term capital gains on other assets, although there would have been no tax at all had the assets in question generated a capital gain instead of a loss.

    Any loss that cannot be so adjusted, whether on short- or long-term assets, can be carried forward for up to eight more assessment years.

    HMT





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