Yes you can.
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Can LTCG on sale of RSU (shares listed overseas) be adjusted against loss on Indian securities
I have sold some shares of a foreign company listed on Nasdaq. These shares were allotted to me by my employer as RSUs a few years back, and I have long term capital gains by virtue of the sale. I have investments in the Indian markets (shares listed on NSE/BSE) and recently booked some losses (STT paid). My question is whether I can adjust the LTCG on sale of foreign securities (RSU) against the loss (both short term and long term) incurred by investing in Indian securities. thanks.
Asked 5 years ago in Capital Gains Tax
Dear Sir,
Hope you are doing well !!
Yes, you can set off the same.
Long Term Capital gain cannot be set off against short term capital loss. It can be set off only against Long Term Capital Loss. Shares listed overseas does not make difference.
Hi,
Yes, you can adjust LTCG of RSU against short term/long term capital loss incurred in India.
Hello,
Yes, you can set off.
Regards,
CA Hunny Badlani
- If your residential status is resident and RNOR then you can set-off otherwise not.
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