Losses under the head Capital gains
#losses #company #capital #gains #notes #incometax Section 74 If the net result of the computation under the head “Capital gains” is a loss, the whole of the loss shall be carried forward to the following assessment year as follows— Long-term capital loss can be set off only against long-term capital gains. Short-term capital loss can be set off against short-term or long-term capital gains. Such loss can be carried forward for 8 (eight) assessment years immediately succeedin