Can loss in US stocks be offset against Indian stocks profit?

Taxation
1

Hi, I am an Indian, can loss in US stocks (capital gain loss) be offset against Indian stocks profit (capital gain profit)?

@Quicko

2

Hey @Jack_R ,

Losses from selling US stock investments can be set off against other capital gains, also the ones earned on Indian stocks, subject to the following rules,

  1. Short term capital losses can be adjusted against both long term or short term gains
  2. Long term capital losses can be adjusted against only long term gains.
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3

Yes you can setoff the losses from US against the Indian shares profits!