https://www.taxtmi.com/article/detailed?id=1280 Losses on transfer of long term shares and mutual fund units held as investments are losses under the head Capital Gains and must be computed (with indexation for long term assets) so they can be set off against other capital gains or carried forward; exemptions in clauses excluding "any income arising from transfer" apply to positive gains only and do not extinguish the statutory entitlement to determine and claim capital losses, and the Tribunal has held that indexed long term capital loss can be set off against non indexed long term capital gains. en-us Fri, 06 May 2011 07:36:08 +0530 Fri, 06 May 2011 07:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1280 Losses on transfer of long term shares and mutual fund units held as investments are losses under the head Capital Gains and must be computed (with indexation for long term assets) so they can be set off against other capital gains or carried forward; exemptions in clauses excluding "any income arising from transfer" apply to positive gains only and do not extinguish the statutory entitlement to determine and claim capital losses, and the Tribunal has held that indexed long term capital loss can be set off against non indexed long term capital gains. Articles Income Tax Fri, 06 May 2011 07:36:08 +0530 https://www.taxtmi.com/article/detailed?id=1280