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Long term Capital Gain, Income Tax

Issue Id: - 115224
Dated: 22-7-2019
By:- VISHWAS DIXIT

Long term Capital Gain


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I have incurred LOSS of ₹ 1,90,000/- by selling equity based mutual fund held for more than one year. Hence the said loss is LONG TERM GAIN (LOSS). Can I adjust the said loss againt LONG TERM CAPITAL GAIN of ₹ 20,00,000/- .The said LTCG is incurred by selling shares held in a PVT LTD company. I am able to offset loss of ₹ 1,00,500/- incurred due to sale of Shares of public limited company held for more than one year.

Hence please advive me can I offset LONG TERM CAPITAL LOSS incurred due sale of equity based mutual fund against LONG TERM CAPITAL GAIN.

Regards

Dixit

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 22-7-2019
By:- DR.MARIAPPAN GOVINDARAJAN

From which source long term capital gain arises?


2 Dated: 22-7-2019
By:- VISHWAS DIXIT

Long Term Capital Gain is arrived by selling shares of Pvt Ltd Company


3 Dated: 22-7-2019
By:- DR.MARIAPPAN GOVINDARAJAN

Then in my view it can be adjusted.


Page: 1

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