GST Practitioner & Accounts
14949 Points
Joined March 2014
yes section 74 of the income tax act 1961 , you can set off short term capital gains against long trem capital gains . Loss under the capital gain can be set-off only aginst capital gains and not other heads , still loss remain to adjust can be carried forward for 8 years to set -off in same head .
please confirm with others also.