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During the year, Mr. A incurs a long-term capital loss and separately earns a short-term capital gain. Against which income can this long-term loss be set off under the provisions of the Income Tax Act, 1961?
Any income under capital gains
Only long-term capital gains
Both short and long-term gains
Any head of income
Only long-term capital gains
Practice and solve "During the year, Mr. A incurs a long-term capital loss and separately earns a short-term capital gai..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: Only long-term capital gains. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "During the year, Mr. A incurs a long-term capital loss and separately earns a short-term capital gai..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: Only long-term capital gains. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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