Short Term Capital gain set off in debt fund/ FMP

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  1. R Vetrivel

    R Vetrivel New Member

    In the 2014 Indian budget, the capital gain period for debt fund/ FMP is changed to 3 years from 1 year. My question is
    - Can i offset the short term capital gain in a debt fund with the short term capital loss obtained in an equity fund.

    Pls clarify
    R Vetrivel
  2. Amit Sahni

    Amit Sahni Active Member

    Short Term Capital Loss is allowed to be set off against any Long Term/Short Term Capital Gains.

    Therefore, short term capital loss arising on the sale of an equity fund can be set off against short term capital gain arising on the sale of a debt fund.
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