Hello
Please guide if we can adjust LTCLoss with STCGain. For eg. if i have made a LTCLoss of Rs.10.lakhs in the current financial year and a STCGain of Rs.6.lakhs then will it be adjusted with each other and i can carry forward a loss of Rs.4.lakhs for future years. OR is it not adjustable with each other and I have to pay tax on the STCGain and the full LTCLoss gets carried over to be adjusted only against LTCLoss in future years. Thank you
CAclubindia
