Comment on Zerodha Email- Taxation

Nithin Kamath commented on 12 Apr 2014, 09:27 AM

Thanks,

Long term capital Loss rising on account of sale of shares, mutual fund where STT is Paid is not allowed to setoff against other Income.

In the question its tax free Bonds … On tax free bonds there is no STT and henec you can take benefit of indexation and loss should be available to setoff against Long Term capital Gain from other asset like property.

View the full comment thread »