Short-term capital losses on equity funds can be set-off against capital gains on liquid funds
02-Jun-2015 •Research Desk
I am a salaried individual. I wish to know,
- Kapil Punjabi
Yes, short-term capital losses on equity funds can be set-off against capital gains on liquid funds. The law allows short term capital losses to be carried forward and set off against short-term or long-term gains from any capital asset in future years. Such losses can be carried forward for the next eight years too.
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