Can short term capital loss be set off against long term capital gains?

Tax queries 296 views 4 replies
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Digital World
115 Points Joined July 2012

Hello Experts, kindly help me on this -

I am an Individual and not a business, so can I carry forward my short term losses for next 8yrs?

Also, Short Term Losses incurred from equity shares this FY can be set off against any Long Term Capital Gains in the subsequent 8yrs timeline? OR Short term Losses can only be set off against Short term gains?

 

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On 29 March 2019 at 12:31 Report
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Chartered Accountant
12739 Points Joined December 2016

Long Term Capital Loss can be set off only against Long Term Capital Gains.

Short Term Capital Losses are allowed to be set off against both Long Term Gains and Short Term Gains.

 

in the your case, you can set off . 

1 Reply
On 29 March 2019 at 12:40
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0
609 Points Joined September 2013
agree with Naveen Chand
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On 29 March 2019 at 12:44
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301 Points Joined August 2017
yes u can. do..
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On 29 March 2019 at 16:58
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Student
1623 Points Joined January 2019
@ Swady Yes. You can
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On 29 March 2019 at 17:56


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