POSTED BY July 22, 2012 11:59 pm COMMENTS (7)ON
Sir, I have following questions and if you kindly solve the same it will be of immense help to me.
During 2011 – 12,
(i) I have incurred Short term Capital Loss of Rs. 25879.00 by selling E-Silver which were purchased by me in 2011 – 12, and
(ii) I have incurred Long term Capital Gain of Rs. 13296.00 (without indexation) which comes to Rs. 4533.00 (after indexation) by selling Gold ETF (which were purchased by me in 2009-10).
Can I set off (ii) against (i) and if so what amount will be carried forward to next year Rs. (25879 – 13296) or Rs. (25879 – 4533)?