1) Can LTCG from DEBT setoff against Short Term Capital Loss Equity?
3) Can STCG from DEBT setoff against Short Term Capital Loss Equity?
2) Can LTCG from Equity setoff against Short Term Capital Loss Equity?
Thanks
Subhadeep G. (23 Points)
10 August 20201) Can LTCG from DEBT setoff against Short Term Capital Loss Equity?
3) Can STCG from DEBT setoff against Short Term Capital Loss Equity?
2) Can LTCG from Equity setoff against Short Term Capital Loss Equity?
Thanks
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 10 August 2020
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 11 August 2020
STCL are allowed to set both long term gains and short term gains.
1) Yes LTCG from DEBT setoff against Short Term Capital Loss Equity
2) Yes Can LTCG from Equity setoff against Short Term Capital Loss Equity
3) Yes STCG from DEBT setoff against Short Term Capital Loss Equity