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Mutal fund loss set off to debt fund gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2014 Hi,

Please clarify the following;

An Individual making the gain from Debt Fund for Rs.1 Lakh and loss from Equity oriented Mutual Fund for Rs.30,000. Can able to set off the loss? If do, net gain of Rs.70,000 @ 30% tax is right?

Thanks in advance
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 October 2014 the loss is long term or short term?
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2014 The loss is short term only



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 October 2014 then it can be set off.....
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 December 2014 allowed to set off...........................

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