Adjustment of LTCL against LTCL

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23 Points Posted on 29 September 2021

Can I adjust the long term capital loss suffered in DHFL bonds against the profits made from sale of shares (sold in NSE paying STT) in the current financial year? 

Thanks.

Lakshminarayanan

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On 29 September 2021 at 23:24 Report
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Quick Summary
This discussion clarifies whether long-term capital losses (LTCL) incurred from DHFL bonds can be adjusted against profits made from selling shares. The consensus is that if the share sale results in a long-term capital gain and STT has been paid, then yes, the LTCL can be offset against these gains.

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52 Points Posted on 30 September 2021
Is the gain from sale of shares long term? then yes
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On 30 September 2021 at 00:10
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23 Points Posted on 30 September 2021

Yes, long term gain on shares.

Thanks for your response.

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On 30 September 2021 at 00:14
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Practising CA
8954 Points Posted on 30 September 2021
Yes. It can be adjusted.
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On 30 September 2021 at 02:09
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23 Points Posted on 30 September 2021

Thank you for your response.

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On 30 September 2021 at 12:32

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