|Question And Answer|
|Subject:||LTCL vs LTCG|
|Answered by:||Advocate Shashi Ashok Bekal|
|Tags:||long term gain, long term loss, set off|
|Date:||February 17, 2023|
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can LTCG on land be set off against LTCL in shares before the date of grandfathering was introduced ?
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.
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