I have short term realized capital gain us listed stock this financial year and long term and short term loss in Indian stocks. Is it possible to club losses again profit I have earned from US Stocks?
Hello @devendra_singh ,
There are 3 elements in your query,
- Short term gains from US stocks
- Short term loss (STCL) from Indian stocks
- Long term loss from Indian stocks.
STCL form Indian stocks will get adjusted against the profits from US stocks.
Further, Long term losses cannot be adjusted against any income other than long term gains. Therefore it will be carried forward to next year.
Hope this solves your query!
Clubbing foreign capital gains with losses in the Indian market can help offset taxable income and reduce tax liability. Under Indian tax laws, foreign capital gains can be adjusted against eligible losses, optimizing tax efficiency. Proper compliance with regulations and expert guidance ensures maximum benefits while filing returns.