Ch.8 · Dividend and STT Taxation · hard
Can a mutual fund investor set off equity LTCG loss against equity LTCG from direct stock investments?
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EXPLANATION
Capital gains and losses from equity mutual funds and direct listed equity shares are both treated as long-term or short-term capital gains under the same category (listed securities). LTCG losses from equity mutual funds can be set off against LTCG from listed equity shares (and vice versa) within the same financial year, and carried forward for 8 years if not fully utilised.
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