banner_ad

Tax treatment of loss incurred on sale of mutual fund units

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 November 2012 i would be highly obliged if someone would guide me as to how to treat the loss i have incurred on sale of mutual fund units for ay 13-14 under elss scheme

would indexation benefit be available to calculate the loss on sale of units.

Thanking in advance
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
18 November 2012 In case of ELSS units the Long Term Capital Loss can not be carried forwarded as the same is covered by Section 10(38) dealing with income exempt arising out of such a transfer.
.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 December 2012 can this long term capital loss be offset against capital gains both long and short
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
12 December 2012 The query is not clear. But if your query is about set off of Long Term Capital Loss (ELSS units) against STCG (ELSS units), set off is not possible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details