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Long term capital loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2012 I have long term capital loss on sale of shares STT paid, can this loss be set off against long term capital gains arised from sale of house property ,in the same year.
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CA Navin Jain

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CA Navin Jain (Expert)
25 September 2012 YES, YOU CAN SETOFF IT AGAINST ANY SHORT TERM OR LONG TERM GAIN
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
25 September 2012 Yes, U Can.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
25 September 2012 Agreed with the reply of Navinji and Subhashji

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