Capital gain or loss
This query is : Resolved
17 March 2013
Dear SIr
PLease can u help me in subject of Cap gain & Loss
I can adjust short term cap loss (due to sell of assets)against long term capital gain (sale of Factory shed)for how many years
Thanks in advance
PLease can u help me in subject of Cap gain & Loss
I can adjust short term cap loss (due to sell of assets)against long term capital gain (sale of Factory shed)for how many years
Thanks in advance
Guest
Guest
(Expert)
17 March 2013
A short term capital loss can be set off against against both short term capital gain as well as long term capital gain.
Also, short/long term capital loss can be carried forward for 8 years.
In your case, your Short term capital loss can be set off against long term capital gain .
Also, short/long term capital loss can be carried forward for 8 years.
In your case, your Short term capital loss can be set off against long term capital gain .
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17 March 2013
Short term capital loss can be adjusted against longterm capital gain or short term capital gain as per section.70
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17 March 2013
Yes. The STCL can be adjusted against LTCG/STCG.
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