n NISM Certifications
V-A NISM Series V-A
Medium

Long-term capital gains will be taxed after adjusting for _______ , if any.

Practice question from NISM Series V A - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    long-term capital loss only

  2. B

    short-term capital loss only

  3. both long-term and short-term capital loss

    Correct answer

Why this is the answer

Under the Income Tax Act: Long-term capital loss can be offset against long-term capital gains.

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