Can Foreign Shares Gains be set off against Indian Stock Markets loss?

Can we offset the gain in foreign shares against the loss in Indian stock markets?

Hey Divyesh,

STCL can be set off against STCG and LTCG while LTCL can be set off against LTCG only. STCG and LTCG covers any capital asset. Thus, loss from foreign shares can be set off against gains from domestic shares.

You can read more about Set Off and Carry Forward Losses under Income Tax Act on our Learn Center