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?
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
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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