Deductibility of short-term foreign capital losses in India

Question

Since short-term capital gains on foreign stocks are taxed at the regular income (slab) rates in India, is one allowed in India to deduct short-term losses on foreign (relative to India) stocks from regular income?

Dheer · Answer

Foreign Capital losses cannot be offset against ordinary income. They can only be offset against foreign capital gains.

Deductibility of short-term foreign capital losses in India

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