Judgement

ITAT Delhi ruled that capital losses can be set off against long-term capital gains despite differing tax rates, quashing CPC and CIT(A)’s additions and restoring the taxpayer’s original income.

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

ITAT holds that where an assessee chooses treaty exemption on capital gains in a later year, it does not affect the right to carry forward capital losses computed under domestic law in earlier years.

ITAT Allows Carry Forward of Capital Losses Despite Exemption of Gains under India–Singapore DTAA

ITAT Allows Carry Forward of Capital Losses Despite Exemption of Gains under India-Singapore DTAA

Articles

Capital losses are usually faced by investors while trading in stocks, property, or other investment products. Current FY24-25 has experienced relentless sell-off in the stock market since September 2024.

Facing Stock Market Losses This Year? Here's How You Can Save Income Tax

How to adjust capital gains against capital losses in ITR

Singapore Entity can carry forward short-term capital losses

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ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

ITAT Allows Carry Forward of Capital Losses Despite Exemption of Gains under India-Singapore DTAA

Facing Stock Market Losses This Year? Here's How You Can Save Income Tax

How to adjust capital gains against capital losses in ITR

Singapore Entity can carry forward short-term capital losses