Short term capital gain on sale of units of mutual funds
This query is : Resolved
Abhijit Dsouza
(Querist)
29 August 2011
If i have short term capital gain from sale of units of MF in the AY 2010-11. due to over sight i have omitted it. now in AY 2011-12 Iam offering the same to tax. In the AY 2011-12 i also have short term capital loss on sale of units of MF. can the gain of the earlier year and the loss of the current year be set off.
29 August 2011
No,
You can not set off such loss against such profit of last year.
You can not set off such loss against such profit of last year.
Abhijit Dsouza
(Querist)
30 August 2011
thank you vishrut.
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