Ltcg gains and losses

Dear  Sir/Madam,

In a financial year by sell of some equity if I make LTCG of say 2 Lakh Rs and during sell of some other equity make loss of 2 Lakh Rs then does it mean that the net LTCG is zero?

Can Gains and Losses (LTCG) be simply added to calculate the final gain in a financial year?

Thanks and regards,

Rajesh.

Replies (2)
You can Setoff if their is a LTCG and a LTCL..
LTCG cannot be setoff against STCL.
Here, gain minus loss will be taxable amount

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