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Is offsetting short term capital gain on property against short term capital loss on equity(STT paid) allowed?

April 26, 2017Business Capital capital loss Finance gain India Offsetting short taxes term

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Is offsetting short term capital gain on property against short term capital loss on equity(STT paid) allowed?

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Short term capital loss on equity can be offset against STCG or LTCG on equities only. Short term capital gain on property will be taxed at 30% (your IT bracket) where as Short term capital gain on equities will be taxed at 15% flat.