STCG from Debt Mutual Funds

Hello,

My question is:

  1. Can the Short Term Capital Loss from Equity Mutual funds be offset against STCG (< 1 Yr) from debt mutual funds.
  2. Can the Short Term Capital Loss from Equity Mutual funds be offset against LTCG (>1 Yr) from debt mutual funds.

Thanks, -Munish

asked Mar 16 '11 at 12:37 by munishb 1111


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 5.2k320

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Asked: Mar 16 '11 at 12:37

Seen: 1,399 times

Last updated: Mar 17 '11 at 15:47