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STCL against LTCG

This query is : Resolved 
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(Querist)
18 July 2011 Sir,
I have STCL from sale of shares through exchange in year 2008, which i have shown in my tax return and carried it forward. In year 2010 i have LTCG from sale of residential property. Now, can i offset the carried forward STCL against this LTCG in my 31 july 2011 return. Different CAs have different opinion about this. I shall be grateful to you if you answer this query. Regards, Anupam
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Ravikant

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Ravikant (Expert)
18 July 2011 Yes you can set off

Short term capital Loss can be adjusted against other capital gain whether Long term capital gain or short term capital gain
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
18 July 2011 I agree with the expert.
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