Capital gains Loss
This query is : Resolved
03 September 2021
Assessee has short term capital gain from sale of Debt Oriented Liquid fund
He also has long term capital loss on sale of Equity Oriented fund
Can the short term capital gain from sale of Debt Oriented Liquid fund be set off against long term capital loss on sale of Equity Oriented fund
He also has long term capital loss on sale of Equity Oriented fund
Can the short term capital gain from sale of Debt Oriented Liquid fund be set off against long term capital loss on sale of Equity Oriented fund
03 September 2021
No. Long-term capital loss will only be adjusted towards long-term capital gains.
04 September 2021
I suppose short term capital loss on sale of Equity Oriented fund is taxable at Normal rates i have filled details in schedule Caital gains under "Listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable"
and then ITR 2 is automatically adjusting loss under this head against long term capital loss u/s 112A
and then ITR 2 is automatically adjusting loss under this head against long term capital loss u/s 112A
04 September 2021
Quote ..
""" I suppose short term capital loss on sale of Equity Oriented fund is taxable at Normal rates i have filled details in schedule Caital gains under "Listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable" and then ITR 2 is automatically adjusting loss under this head against long term capital loss u/s 112A."""
How can I suppose STCL adjustment automatically with LTCL?
Both being Losses.
""" I suppose short term capital loss on sale of Equity Oriented fund is taxable at Normal rates i have filled details in schedule Caital gains under "Listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable" and then ITR 2 is automatically adjusting loss under this head against long term capital loss u/s 112A."""
How can I suppose STCL adjustment automatically with LTCL?
Both being Losses.
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