WebJul 1, 2024 · Short-term capital gains from debt funds (held for three years or less) can be set off against short-term capital loss from stocks (held for one year or less). The net … WebNov 24, 2016 · We found that many people make a mess in remembering rules of setoff ..so, here are simple rules (you can make these three adjustments for setoff ) 1. STCL <-> STCG. 2. STCL <-> LTCG. 3. LTCL <-> LTCG. Now many people are very confused in this, so there is one trick to remember this section Let use consider-. STCL is small girl LTCL is big girl ...
Set Off and Carry Forward of Losses - ClearTax
Webset off against income from speculative business. 2) Long-term capital loss cannot be set off against any income other than income from long-term capital gain. However, short-term capital loss can be set off against long-term or short-term capital gain. 3) No loss can be set off against income from winnings from lotteries, crossword WebOct 22, 2024 · Section 70 (2) of the Income Tax Act provides that short-term capital loss (STCL) can set off against short-term capital gain (STCG). This section does not make … flight s4220
STTCL - What does STTCL stand for? The Free Dictionary
WebApr 5, 2024 · Set off of loss means adjusting the loss against the taxable income. The taxpayer can carry forward the remaining loss to future years to set off against future … WebJul 10, 2024 · In case of short-term capital loss (STCL), it can be set off against other STCG. It can also be carried forward to subsequent financial years for set-off. Long-term capital loss (LTCL) are not ... WebMar 25, 2024 · Can use STCL to set off STCG in debt funds. If you make a lousy equity/gold/debt investment that results in a loss, you can use that STCL to set off STCG in debt funds. No such set-off in Bank FDs. (9/n)" #5 Debt MF returns are short term capital gains Can use STCL to set off STCG in debt funds. flights 41to baghdad