Assume that I had a loss of some amount last year and I carried it forward. This year I had some LTCG which is less than 1lakh. The LTCG will be non-taxable as it is exempted till 1lkah per year. In this case, I don’t need any adjustment of losses. I can save these losses for adjustment in future gains, when the LTCG actually exceeds 1 lakh.
Is this possible or the losses will be anyway adjusted against the gains, whatever the gain amount is?