LTCG, STCG setoff confusion

Tax planning 375 views 2 replies

1) Can LTCG from DEBT setoff against Short Term Capital Loss Equity?

3) Can STCG from DEBT setoff against Short Term Capital Loss Equity?

2) Can LTCG from Equity setoff against Short Term Capital Loss Equity?

Thanks

Replies (2)
Long Term Capital Loss can be set off only against Long Term Capital Gains. But Short Term Capital Losses are allowed to be set off against both Long Term Gains and Short Term Gains.

1. Yes
2. Yes
3. Yes

STCL are allowed to set both long term gains and short term gains.

1) Yes LTCG from DEBT setoff against Short Term Capital Loss Equity 

2)  Yes Can LTCG from Equity setoff against Short Term Capital Loss Equity

3) Yes STCG from DEBT setoff against Short Term Capital Loss Equity 
 

 


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