13 April 2010
Short term capital loss r.w.s.94(7) in respect of units of mutual funds or UIT/Securities & 94(8) in respect of units of mutual funds or UTI : 1) can be adjusted against any capital gain in the same year. 2) Can be carry forward and set-off against any capital gain in the subsequent year. 3) Can be carry forward upto 8 years.
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