Dear Sir/Madam
I have had a loss of Rs.100000 in my Equity oriented mutual funds after grandfathering and in my debt oriented mutual funds I have had a gain of Rs. 100000 after indexation. Now will my capital gain in debt oriented mutual funds be adjusted against my loss in equity oriented mutual funds with a net gain of zero? And if I cannot adjust my loss in equity oriented mutual funds against gain of debt oriented mutual funds will I get this Loss (LTCG) carried forward to subsequent eight years for set-off against LTCG.
CAclubindia
