Tax code 2026: One-time LTCL set-off against STCG removed in final Income Tax Act; what does this mean
In the original draft of the Income-tax Bill, 2025, the savings clause provided that any capital losses -- long-term or short-term -- incurred before 1 April 2026 could be carried forward and set off against capital gains under the new Act.
In the original draft of the Income-tax Bill, 2025, the savings clause provided that any capital losses -- long-term or short-term -- incurred before 1 April 2026 could be carried forward and set off against capital gains under the new Act.
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