Setting off LTCL in 112A (12.5%) against LTCG in assets other than 112A (12.5%)

Income Tax Income from Capital Gains
1

Hello,
This query is for FY2025-26.

I have long-term capital loss (LTCL) of INR 60,000 in equity (charged at 12.5% u/s 112A).
I have long-term capital gains (LTCG) of INR 1,80,000 in debt mutual funds. Purchased before 01-04-2023, sold after 01-04-2025 (charged at 12.5% - other than covered u/s 112A).

Can I set off my losses of 60,000 against the gains of 1,80,000?

Thanks for your attention.

2

Yes , Long Term Capital losses can be set off against Long Term Capital Gain ,irrespective of type of Assets.

1 Like
3

Thank you Anita ma’am!