LTCG & setting off LTCG with trading losses
Dear Sir/Madam ,
I had purchased Equity Mutual funds in 2004 and sold them in FY18-19 .
Will i incur LTCG on them ?
I had done F&O trading in FY 2018-19 and had losses in them. Can the above mutual fund gains be offset against Trading losses from F&O .
Asked 5 days ago in Income Tax from Mumbai, Maharashtra
Dear all , thanks for the reply .
I traded more than 20 contracts ( combined buy and sell ) in FY 2018-19 . Do I need to take that as business or I can file only ITR 2 .
Also my cost of acquisition of Equity mutual funds shall be Mar 2017 or it will be the actual cost of acquisition i.e. 2004 .
Would like to file returns also , so anyone from Mumbai may please share contact details
Asked 4 days ago