I have Short Term Capital Gain on listed securities of about Rs. 4 lakh from 01.04.2024 to 22.07.24 which is taxable at 15%. I also have Short term capital loss on listed securities of about Rs. 1 lakh from 23.07.2024 till date. Now can I adjust this loss against the gains although the tax implications are different? Or I pay tax on Rs. 4 lakh gain and carry over loss of Rs. 1 lakh? Clarity in the matter is requested.
Adjustment of Short Term Capital Gain/Loss pre and post 23.07.2024
Rajiv Gupta (Others) (55 Points)
20 January 2025