Vaibhav Kumar Agrawal (Service) (176 Points)
26 May 2025Whether short term capital from sale of gold etf is allowed to be set off from short term loss in equity shares Brough forward from earlier year.
I am asking since short term gain from gold etf is taxable at slab rate.
I request experts to clarify
Vaibhav Kumar Agrawal
(Service)
(176 Points)
Replied 26 May 2025
Short term Capital loss on equirty c/f Rs 43,159
Short term gain from sale of gold etf: Rs 22,000 (Short term considered for holding less than 12 months)
Long term gain from sale of gold etf : Rs 50,000
Queries:
i) Whether setoff allowed or not for short term capital gain
ii) Whether exemption of longterm capital gain of 1.25 lakh will apply or not
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