POSTED BY March 25, 2014 1:20 pm COMMENTS (2)
ONIn FY 2013-2014, I have made a short term capital gain of Rs. 9500/- in Stock whereas I have made a long term capital loss of Rs. 30,000/- in Mutual Fund. That means a net capital loss of Rs. 20,500/- in this current FY.
My query –
1. Let me know whether I will have to pay any tax on short term gain.
2. Let me know whether I can adjust the loss against short term gain in next 8 FY.
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Dear USctty, you can not set off LTCL against STCG. From which MFs you booked your LTCL? Yes you need to pay tax on STCG from Stocks @ 15.45%.
Thanks
Ashal
Hi
Can anyone guide me with an answer ?
Regards,