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Capital Gains

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This topic is a part of the broader topic called Taxation.

Capital Gains are gains that are obtained when a capital asset is being sold / redeemed.

Different type of capital assets will have different type of taxation treatment.

Capital Gains can be Long Term or Short Term depending on the period of holding of the capital asset.

Capital Gains on Mutual Funds & Equity Shares

Can STCG or LTCG from Mutuals be negated with loss from shares for a fiscal at the time of tax payment?

Yes. Provided they are Equity-oriented mutual funds.

The provision is called Offsetting.

For the purpose of income-tax, both Equity shares and Equity mutual funds are treated same.

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