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Can short term capital loss on shares be set off against long term capital gain on property?

April 26, 2017Business capital loss Finance India Shares short taxes term

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Can short term capital loss on shares be set off against long term capital gain on property?

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Short Term Capital Loss (STCL) from sale of shares through recognized stock exchange or units of equity MFs with STT paid can be adjusted against Short Term Capital Gains (STCG) or Long Term Capital Gains (LTCG) on any asset. There is an anomaly here. Your STCG tax rate is 15% & LTCG tax rate is 20%. But still setting off losses is allowed. LTCG tax rate (for shares) is 0% & LTCG tax rate (for property) is 20%. But still setting off losses is allowed.