Short term and long term capital tax gain

Can short term capital tax gain be compensated with long term capital tax loss.If our net capital tax gain is less than 1 lakh should I give all details of transaction of mutual fund in ITR simply writing zero in capital tax gain is sufficient

Replies (4)
Quick Summary
This discussion clarifies that short-term capital gains cannot be offset by long-term capital losses; they can only be set off against other short-term gains. It also addresses ITR filing requirements for mutual funds, stating that if your net capital gains are zero, you do not need to detail individual transactions in your tax return.

Long term capital gains can be set off only against long term capital gains. Further, kindly elaborate me with your second issue.

if our net capital tax gain is zero are we suppose to write the details of mutual fund transaction in ITR 3 form ?

No, there is no need to write all the details.

no need to write the details if your net capital tax gain is zero

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