Whether short term capital from sale of gold etf is allowed to be set off from short term loss in equity shares Brough forward from earlier year.
I am asking since short term gain from gold etf is taxable at slab rate.
I request experts to clarify
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Query regarding capital gain on sale of gold etf
Replies (2)
Quick Summary
Pls explain with figures
Short term Capital loss on equirty c/f Rs 43,159
Short term gain from sale of gold etf: Rs 22,000 (Short term considered for holding less than 12 months)
Long term gain from sale of gold etf : Rs 50,000
Queries:
i) Whether setoff allowed or not for short term capital gain
ii) Whether exemption of longterm capital gain of 1.25 lakh will apply or not
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