Set off of losses in short term cg in equity against long term cg without indexation

284 views 3 replies
Can long term capital gain on sale of equity mutual fund without indexation be set off against short term capital loss on sale of equities within 1 year?
Replies (3)
Yes, long-term capital gains (LTCG) on the sale of equity mutual funds without indexation can be set off against short-term capital losses (STCL) on the sale of equities within one year.

According to the Income Tax Act of India, short-term capital losses can be set off against both short-term capital gains and long-term capital gains, whereas long-term capital losses can be set off only against long-term capital gains
Yes. It is possible.
Can long term capital gain on sale of equity mutual fund without indexation be set off against long term capital loss with indexation , ie sale of debt mutual funds after being held for more than 3 years?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register