Can long term capital loss be set off against short term capital gain from sale of property??
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Capital gain
Replies (9)
No, long term capital losss can be set off with only long term capital loss for following 8 ay.
| Originally posted by : Mihir | ||
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No, long term capital losss can be set off with only long term capital loss for following 8 ay. |
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agreed
cant be set off in any case
We are using taxbase software and the loss is being set off on its own by the software against short term capital gain
contact taxbase software people to find a way to override .
no it cannot be set off...long term capital loss can be set off only against long term capital gain
ok thanks evry1
cant be set off in any case
Long term capital loss can be set off against long term capital gain only
Please read the set off provision carefully u will get the answer refer section 70 inter source
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