Long Term Capital Loss

Dipak Singh ( company secretary) (58 Points)

28 March 2011  

Dear Members,

One of my friend sale 4500 shares of listed Comapny at loss of1250 and  he also sale 6500 shares of  unlisted Company at gain of 3000 . My question is whethre he can set off long term capital loss of 1250 with long term capital gain of3000,


Thanks & Regards.

Dipak Singh