Hello, My question is:
Thanks, -Munish asked Mar 16 '11 at 12:37 by munishb 1●1●1●1 |
Short-term capital loss can be set-off against both short-term capital gain as well as taxable long-term capital gains. But this loss cannot be set off against long-term capital gain on selling shares, because long-term capital gain made on selling shares is not taxable. answered Mar 17 '11 at 15:46 by Pankaj Batra 5.2k●3●20 |