Carry forward and set off of loss from Capital gains.

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..... d capital loss arising from transfer of capital asset, being-- (a) a long-term capital asset, may be set off only against capital gains, if any, from transfer of any other long-term capital asset during the subsequent tax year and so on; and (b) a short-term capital asset, shall be set off against capital gains, if any, from transfer of any other capital asset during the subsequent tax year an .....

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