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Income tax

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Guest

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Guest (Querist)
14 September 2012 whether longterm capital loss on redemption of mutual fund is adjustable with long term capital gain on fmp of mf during the year under same assessment year
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 September 2012 Yes, it is very much possible.
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Pankaj Gupta

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Pankaj Gupta (Expert)
14 September 2012 If the mutual fund income was exempt u/s 10(38), then the loss on the transfer of such fund is not adjustable anywhere. Thus it will be a dead loss.
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