mutualsaathi
MutualSaathiTaxation & ComplianceCan I set off capital losses against capital gains?
Tax
Tax

Can I set off capital losses against capital gains?

Yes. Short-term capital losses can be set off against both STCG and LTCG. Long-term capital losses can only be set off against LTCG. Unabsorbed capital losses can be carried forward for up to 8 assessment years, provided you file your ITR on time for the year the loss occurred.

Taxation & Compliance
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