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Capital gain or loss

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(Querist)
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
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Guest

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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 .
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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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CA Mukesh Jain S

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CA Mukesh Jain S (Expert)
17 March 2013 Yes. The STCL can be adjusted against LTCG/STCG.
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