have 40000 long term capital loss, 10 lacs short term capital gain, 2 lacs fnO loss, some business income 1 lac from business
How to set off my loss against stcg
Long-term capital loss can be set off only towards long-term capital gains. You can use the 2 lk F&O loss to set off against business income worth 1 lk and balance 1 lk towards short term capital gains
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