LTCG offsetting with LTC Loss of closed companies shares

kumarg1969 · February 9, 2020, 9:28am

can LTCG offset with LTC Loss with the shares of the companies closed and not being traded in exchanges

siva · February 10, 2020, 2:58am

Can you be more detail about your query.

kumarg1969 · February 10, 2020, 8:24am

I have bought Arvind remedies and Bharati Shipyard which is already closed and shares not trading anymore.My question is this long term capital loss able to offset with another share with LTCG?

Quicko · February 11, 2020, 2:45pm

@kumarg1969

Long Term Capital Loss (LTCL) can be set off against Long Term Capital Gains (LTCG). However, you can not set off LTCL against Short Term Capital Gains.

ADITYA_VASISTHA · February 11, 2020, 3:02pm

Can i offset my trading gain by buying shares or real estate?

Quicko · February 12, 2020, 10:05am

@ADITYA_VASISTHA

Long Term Capital Gains (LTCG) can be offset against Short Term Capital Loss (STCL). Hence if you have any loss on shares traded for less than 12 months you can offset them. Also, you can take benefit of exemption under section 54F if you wish to invest LTCG into House Property.

Read More: Capital Gains and Taxes