LTCL to set off against LTCG

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11 Points Posted on 18 July 2021
If LTCL on debt MF is 7900/- ,after indexation LTCL is 38110. Which loss can be setoff against LTCG?
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On 18 July 2021 at 15:36 Report
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This discussion clarifies how to set off Long Term Capital Losses (LTCL) against Long Term Capital Gains (LTCG). It explains that LTCL, after indexation, can be directly adjusted against LTCG. Conversely, Short Term Capital Losses (STCL) can be set off against both LTCG and STCG, while LTCG can only be offset against other LTCG.

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STUDENT
1631 Points Posted on 18 July 2021
STCG set off against LTCG & STCG.

LTCG only set off with LTCG.
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On 18 July 2021 at 16:05
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Chartered Accountant
86505 Points Posted on 18 July 2021
Loss of Rs. 38110 set off from against LTCG.
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On 18 July 2021 at 16:58
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Chartered Accountant
24588 Points Posted on 18 July 2021
LTCL can be adjusted against LTCG

STCL can be adjusted against LTCG and STCG
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On 18 July 2021 at 19:19

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