Few of my FMPs matured this year and there will be LTCG. I do have certain junk stocks purchased earlier ( more than 3 years) with higher price and if i sell them now off-market with delivery ( without STT ) , can i set off the loss against the LTCG above. If yes , can i also apply indexation on purchase price of the equity ?
1 Replies
CA. Sunil Gokhale
(Teacher)
(1484 Points)
Replied 13 July 2016
Yes, you can apply indexation to the shares sold off-market and set-off the loss against LTCG from FMP.
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