InvestorQ : I want to understand how to Set-off capital losses on Non-Equity mutual funds & Non-Financial Assets?
Dhwani Mehta made post

I want to understand how to Set-off capital losses on Non-Equity mutual funds & Non-Financial Assets?

Answer
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Khushi Patel answered.
1 year ago


Here are the key capital loss set-off rules on sale of Property, Debt Mutual Funds(Non-Equity Funds), Gold ornaments, Gold ETFs (Exchange Traded Funds) & unlisted Debentures. This entire set refers to non-equity assets

Property, Gold and Non-equity funds

How the Capital Loss / Capital Gain Set off works

Short term capital losses (STCL)

Can be set off against the short term gains of any capital asset or long term gains from any capital asset

Long Term Capital Losses (LTCL)

Can be used to set off against long term capital gains only arising from other capital assets. Such long term losses cannot be set off against short term gains