Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2013 Dear Sir,

My Short Term Capital Gain Rs. 118000/- During the Year can I Set Off C/F Long Term capital Loss of Rs. 500000/-

Balu

CMA Ramesh Krishnan (Expert)
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16 July 2013 No, Long term capital loss cannot be set off with shorterm capital gain. you can set of with long term capital gain only

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