Set-off of STCG from US Stocks against STCL in Indian Market
This query is : Resolved
10 February 2026
I have short-term capital gains of ₹1,37,600 from selling US stocks. I also have carried-forward losses from previous years:
Long-term capital loss of ₹1,23,619 and
short-term capital loss of ₹24,248.
As I fall under the 30% tax slab, do I need to pay tax at 30% on ₹1,37,600, or can these gains be set off against the carried-forward losses.
Long-term capital loss of ₹1,23,619 and
short-term capital loss of ₹24,248.
As I fall under the 30% tax slab, do I need to pay tax at 30% on ₹1,37,600, or can these gains be set off against the carried-forward losses.
10 February 2026
You do not need to pay 30% on ₹1,37,600.
You can first set off the carried-forward STCL of ₹24,248, reducing your taxable gain to ₹1,13,352.
Your LTCL cannot be used because there is no LTCG this year.
You can first set off the carried-forward STCL of ₹24,248, reducing your taxable gain to ₹1,13,352.
Your LTCL cannot be used because there is no LTCG this year.
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