Stcg on mf

what is the treatment of short term capital loss on sale of equity mutual fund

Replies (6)

It can be set off against other short term gains and if still it remains, then it can be further set off against long terms capital gains... If any loss still exists, then the same can be carried forward to next Assessment year

AGREED WITH SUMIT SIR, IF IT IS NOT SET-OFF IN THE CURRENT YEAR U CAN CARRY FORWARD THIS UP TO NEXT 8 ASSESMENT YEARS

Agree with Sumit Sir, and your loss return should be file on time (on or before the due date)

Dear ayushi.... Plz refer section 74...

Mr. Sourabh,

First ensure that, is there any STT charged on selling of EMF. If so, then you can not either set off with LTCG or carried forward to next year.

Secondly if there is no STT then you can either set off with any LTCG or carried forward loss to next year.

Rgds

Sandeep Jha

Dear Sandeep, can you please provide the relevant section which states "that if STT is charegable on sale and the resulting capital loss if Short term capital loss on MF, then it cannot be set off against LTCG."

As opined by you above.

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