Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2013
Dear Sir,
My Short Term Capital Gain Rs. 118000/- During the Year can I Set Off C/F Long Term capital Loss of Rs. 500000/-
Balu
My Short Term Capital Gain Rs. 118000/- During the Year can I Set Off C/F Long Term capital Loss of Rs. 500000/-
Balu
16 July 2013
No, Long term capital loss cannot be set off with shorterm capital gain. you can set of with long term capital gain only
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