Debt MF LTCG set off

Gaurav (M) (24 Points)

12 March 2025  

I have LTCG from the sale of Debt Mutual Fund units. All debt funds bought in 2017-18 and sold in Feb 2024.

I also incurred LTCL from the sale of my Equity Mutual Fund units.  Can I set off LTCL from Equity MF against the LTCG from the sale of Debt fund mentioned above?

What is the taxation rate if LTCG from the Debt Fund is higher than the set off amount?