Short term capital loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
On 19/10/2011 i purchased mutual fund units worth Rs.20000/- on which i got dividend of Rs.1074/- on 21/10/2011. On 17/09/2012 I sold out the units and recd Rs.19640/-. Can i claim a short term loss of Rs.360/- ?
Dintakurthi Tirumala
(Expert)
20 September 2012
If the gain on the said mutual fund is exempted as per section 10 then loss on it also not claimed. Otherwise you can claim. I think the said mutual fund has the benefit of section 10 exemption.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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