Hello,
Can I square off short term capital gains against lont term capital loss?
I don't have any long term capital gains.
Thanks
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Short term and long term gains
Replies (5)
Yes you can.
Not possible.
Short term and long term gains can be easily calculated depending on the quantity and market value.
Long-term capital loss cannot be set off against any income other than income from long-term capital gain. However, short-term capital loss can be set off against long-term or short-term capital gain.
Rgds-CA Raj Doshi-R C D & Co.-Chartered Accountants-Kandivali West-Mumbai
Rgds-CA Raj Doshi-R C D & Co.-Chartered Accountants-Kandivali West-Mumbai
Long term gain against long term capital loss.
short term gain against short term capital loss.
short term gain against short term capital loss.
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