Ltcg gains and losses

Rajesh (NA) (264 Points)

12 August 2019  

Dear  Sir/Madam,

In a financial year by sell of some equity if I make LTCG of say 2 Lakh Rs and during sell of some other equity make loss of 2 Lakh Rs then does it mean that the net LTCG is zero?

Can Gains and Losses (LTCG) be simply added to calculate the final gain in a financial year?

Thanks and regards,

Rajesh.