Set off
This query is : Resolved
09 June 2011
Hello,
can short term capital loss on listed securities be set off against long term capital gain on shares?
can short term capital loss on listed securities be set off against long term capital gain on shares?
09 June 2011
No, Long Term Capital Gain on sale of listed securities is exempt u/s. 10(38) - No question of set off of exempt income arises.
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