CA Day celebration 2024 Easy Office
LCI Learning

set-off short term capotal loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 May 2009 can we setoff the short term capital (mutual fund ) for current year business profit . please sugest relating Section .
Profile Image

Vishal

Profile Image

Vishal (Expert)
03 May 2009 No

Sec. 70

Short term capital loss can be set off against any capital gain(short term or long term).
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
04 May 2009 I agree with vishal on this.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA KNVV Sri Vidya - Sri Kanth

Profile Image

CMA KNVV Sri Vidya - Sri Kanth (Expert)
04 May 2009 Agree with expert

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links