Hello,
Can I square off short term capital gains against lont term capital loss?
I don't have any long term capital gains.
Thanks
Menu
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.
Recent Threads
- Duplication of Interest on SCSS deposits in postof
- Declaration of foreign investment
- Parent buying property for major child
- LIC maturity amount filing missed
- Advice on income tax
- E filing thr net banking for AY2025-26
- PROPERTY REPORTING IN ITR
- F&o profit or loss can show a government emplo
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
Related Threads
CAclubindia
