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