THE ART OF CAPITAL LOSS CARRYOVER IN INDIA

Capital loss carryover is a tax planning strategy that allows individuals to offset future capital gains with previous capital losses.

In India, capital loss carryover can be carried forward for up to 8 years.

To claim capital loss carryover, individuals must file their tax returns on time and report their capital losses.

Capital losses can only be offset against capital gains, not against other sources of income.

Capital loss carryover can be a useful tool for investors who have experienced losses in the stock market or other investments.

It is important to keep accurate records of capital gains and losses to ensure that the carryover is calculated correctly.

Overall, capital loss carryover can help individuals reduce their tax liability and maximize their investment returns.