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Setting off short-term capital loss

You can set off short-term capital loss in equity mutual funds against short-term capital gains in debt mutual funds

Is it possible to set-off short-term capital loss in equity mutual funds against short-term capital gains in debt mutual funds?
- Vishal Gupta

Yes, you can set off short-term capital loss in equity mutual funds against short-term capital gains in debt mutual funds. Short-term capital loss (both in equity or debt fund) can to be set off against both short-term capital gains (equity or debt) or long-term capital gains (debt).

This article was originally published on February 16, 2016.

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