Capital gain tax

S Venkatathri (Income Tax Consultant) (30 Points)

31 July 2019  

Dear Sir,

In the last financial year( 2018-19) I had made a short term capital gains of Rs 3.77 Lakhs.

And in the same financial year had made a long term capital gains of - Rs 1.67 Lakhs(Loss)

Could you please confirm if I can offset this loss of Rs 1.67 Lakhs against the profit of Rs 3.77 Lakhs

made in the same financial year.

This clarification is required for filling my Income Returns.

Kindly confirm.

Thanks & Regards,

Satish