Income tax
This query is : Resolved
Guest
Guest
(Querist)
14 September 2012
whether longterm capital loss on redemption of mutual fund is adjustable with long term capital gain on fmp of mf during the year under same assessment year
Amol S Joglekar
(Expert)
14 September 2012
Yes, it is very much possible.
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Pankaj Gupta
(Expert)
14 September 2012
If the mutual fund income was exempt u/s 10(38), then the loss on the transfer of such fund is not adjustable anywhere. Thus it will be a dead loss.
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