Hello,
I want to know if Long term Capital Gain can be set off against first Long Term Capital Loss and thereafter, if gain still remains, with Short Term Capital Loss?
Regards
Rajiv
Menu
Long Term Capital Gain set off
Replies (6)
Hi Rajiv,
First you should go for Intra Head adjustments, in case of excess amount you can offset the same with inter-head also. incase there is no LTC Loss then you offset the LTCG with STC Loss.
Amit.
please refer section 74(1) (b) of the Income Tax act 1961 , One can not set off Short term capital loss against Long term capital gain , In think in any case .
Short term capital loss will have to be carry forward. it can not be set off against LTCG
Hello,
STCL can be set off against LTCG
but LTCL can't be set off against STCG.
STCL can be set off against LTCG
but LTCL can't be set off against STCG.
Yes Krishna is right.
restriction is only for LTCL, StCL can be set off either against STCG or LTCG
restriction is only for LTCL, StCL can be set off either against STCG or LTCG
Thanku brother
Recent Topic
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
Related Topics
CAclubindia
