Why This is Important Now:
March-end is not just about gains — it’s also about using your losses smartly. If you lost money in stocks, F&O, mutual funds, or crypto, you can legally carry forward those losses and use them to reduce tax on future profits.
Here’s how.
—
1. Types of Losses You Can Carry Forward:
—
2. Conditions to Carry Forward:
You must file ITR before due date (usually July 31)
Losses must be reported clearly in your return
Maintain proof — broker P&L, contract notes, ledger, etc.
—
3. Set-Off Hierarchy:
STCL can be set off against STCG and LTCG
LTCL only against LTCG
Business loss against business income only
Cannot set off capital loss against salary or interest income
—
4. What You Need to Do Now:
Gather your broker reports (Zerodha, Groww, Angel One, etc.)
Calculate net losses and classify
Use ITR-2 (for capital losses) or ITR-3 (for trading/business losses)
—
Pro Tip:
Even if you don’t have any other income to show — file your ITR just to carry forward losses. It’ll help you in future high-profit years!
—
Social Caption:
Lost money in stocks, F&O, or mutual funds? Don’t waste it — file your ITR and carry forward losses to save tax later!

Leave a comment