Question

long term capital lossess in set off​

Answer 1

Answer:

Long-term capital losses can be adjusted only against long-term capital gains. Short-term capital losses can be set off against long-term capital gains as well as short-term capital gains. Cannot be carried forward if the return is not filed within the original due date.

Answer 2

ʟᴏɴɢ-ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ʟᴏssᴇs ᴄᴀɴ ʙᴇ ᴀᴅᴊᴜsᴛᴇᴅ ᴏɴʟʏ ᴀɢᴀɪɴsᴛ ʟᴏɴɢ-ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ɢᴀɪɴs. sʜᴏʀᴛ-ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ʟᴏssᴇs ᴄᴀɴ ʙᴇ sᴇᴛ ᴏғғ ᴀɢᴀɪɴsᴛ ʟᴏɴɢ-ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ɢᴀɪɴs ᴀs ᴡᴇʟʟ ᴀs sʜᴏʀᴛ-ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ɢᴀɪɴs. ᴄᴀɴɴᴏᴛ ʙᴇ ᴄᴀʀʀɪᴇᴅ ғᴏʀᴡᴀʀᴅ ɪғ ᴛʜᴇ ʀᴇᴛᴜʀɴ ɪs ɴᴏᴛ ғɪʟᴇᴅ ᴡɪᴛʜɪɴ ᴛʜᴇ ᴏʀɪɢɪɴᴀʟ ᴅᴜᴇ ᴅᴀᴛᴇ.

ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜʜ✌