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Long term capital asset

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(Querist)
31 January 2015 long-term capital loss can be set-off only against long-term capital gain.
Why ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 January 2015 Long-term capital loss can be adjusted only against long-term capital gains pursuant to provision u/s 74 of the Income Tax Act, 1961.

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