STCL adjusted against LTCG

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?

Your previous years’ losses will be adjusted against the current year’s LTCG irrespective of the LTCG amount.