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Setting off equity LTCG loss against debt LTCG gains.

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(Querist)
12 March 2020 Hi experts,

I have LTCG losses of around 20K for this FY and also from carried forward from last FY. For this FY, I have LTCG gains of around 40K (after indexation) from Debt funds. My question is, can I set off the 20K loss from equity against 40K gains from Debt? Appreciate your clarification and thanks in advance for your help...

Regards,
Prabhu
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 March 2020 Yes you can do such adjustments.
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