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Confused about Carrying Forward Losses in the New Tax Regime: Can I Do It?

T S Khurana

T S Khurana   |177 Answers  |Ask -

Tax Expert - Answered on Aug 04, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Nirmalya Question by Nirmalya on Jul 23, 2024Hindi
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[TAX] I have salary income along with capital gains and speculative income. My question is, if I choose new regime, can I carry forward losses like business loss, capital gain loss to next year like we do in old regime?

Ans: In general, you can carry forward losses. However, to be more specific, you need to mention proper head of income under which losses are there (Business losses, Losses from house property, Losses from Stock market etc.).
Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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