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ltcg set off
can anything can be set off against the long term capital gain. lf no then what are the items which cannot be set off except lottery winning and horse race winning....
Replies (6)
only a long term capital loss can be set off against a long term capital gain.
no that's not true.
long term capital loss and short term capital loss can be set off against a long term capital gain.....
again that's incorrect....in intermediate books business losses are also set off against the ltcg
@ Navin agarwal i would request you to give the full answer. .. ...
@ aswin Kumar ... section 71(2)
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