Can i set off short term capital loss arising outof shares against long term gains arising out of property sal



Section 70 says something about this, but I am not sure.

Can i set off short term capital loss arising outof shares against long term gains arising out of property sal
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4 Replies to “Can i set off short term capital loss arising outof shares against long term gains arising out of property sal”

  1. Yes short term capital loss on sale of shares can be set off against long term capital gain on sale of property or any other taxable long term capital gain but you cannot set off long term capital loss against short term capital gain.

    I think you should read the article in DNA newspaper available on http://www.dnaindia.com/report.asp?newsid=1179242&pageid=0
    Also any short term capital loss can be set off against long term capital gain.








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