Question

If i made short term gains but made long term loss then how i will be taxed

Answer 1

Answer:

Long term losses can only be set off against long term gains, whereas short term losses can be adjusted against both short-term as well as long-term gains of any capital asset,” says Batra. ... You can claim deduction on brokerage or commission and securities transaction tax (STT) paid on equity during sale of the asset.

Explanation:

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