POSTED BY November 23, 2011 2:51 am COMMENTS (2)
ONQuestion 1) Can Short Term Capital Loss from Equity (Shares or Mutual Funds) be set-off against Short Term Capital Gain from Gold , Property , etc & Vice Versa ?
Question 2) Can Short Term Capital Loss from Gold be set-off against Short Term Capital Gain from Property & Vice Versa ?
Question 3) Can Long Term Capital Loss from Gold or Jewellery be set-off against Long Term Capital Gain from Property & Vice Versa ?
Please can you explain your answer with examples ?
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Dear jigneshdesai, yes is the answer for all your queries.
Thanks
Ashal
Read this link it should give you a good idea.
http://www.rediff.com/business/slide-show/slide-show-1-budget-2011-perfin-taxpayers-can-adjust-loss-with-reduced-liability/20110203.htm