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Capital gain

This query is : Resolved 
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(Querist)
16 March 2010 Whether Long term capital gain on sale of Fixed Assets can be set off against short term capital loss on sale of Shares in the same asstt. year.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 March 2010 Yes the same can be set off.

However care should also be taken in case of depreciable assets as whenever they are sold they will be STCG only.

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