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.