Long term capital gain

Can long term capiltal gain on shop be adjusted towards long term loss in equity mutualfund/shares. If so under what regulation of IT act.

asked May 05 '11 at 10:59 by bnp 1111


Yes, you can set-off long term gain on shop against long term loss on mutual fund/equity shares.

answered May 06 '11 at 06:06 by pankaj 5.2k320

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Asked: May 05 '11 at 10:59

Seen: 1,355 times

Last updated: May 06 '11 at 06:06