Comment on Tax loss harvesting

anish commented on 24 Mar 2016, 01:32 PM

Can one set off equity delivery short term capital losses against gains in futures?

I am a full-time salaried employee. i mostly do equity delivery transactions but occasionally take future positions as well.

This year i have about Rs 1 lakh as short term capital losses in equity delivery. I also have about Rs 2 lakh in gains from futures. Can i set off the losses from equity delivery with gains from futures and pay taxes on the remaining amount?

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