Long Term Loss on Sale of Shares
This query is : Resolved
06 July 2009
I have long term loss on sale of shares and STT is paid thereon.
Can I set-off the loss against any other long term capital gain?
Can I set-off the loss against any other long term capital gain?
06 July 2009
LTCL can be set off against LTCG only for a period of 8 years. So, yes u can set-off the loss against any other long term capital gain.
07 July 2009
No.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
07 July 2009
Seems Mr.Nitin's answer is correct.
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