Question And Answer
Subject: LTCL vs LTCG
Querist: bs
Answered by:
Tags: , ,
Date: February 17, 2023
Query asked by bs

can LTCG on land be set off against LTCL in shares before the date of grandfathering was introduced ?

File Uploaded: Not Available

The provisions of set off and carry forward are qua income/gains and not qua the asset. As we understand, Long Term Capital Gains can be set off against Long term Capital loss.

Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of

Leave a Reply

Your email address will not be published. Required fields are marked *