Setoff of short term capital loss on shares
This query is : Resolved
CA Govind Sokhi
(Querist)
19 October 2012
Can anyone suggest and provide the relevant Case law as to setoff of short term capital loss against Long term capital gains.As per IT law, an assessee is eligible to set off stcl in case of securities against LTCG on sale of an asset.however to be more specific,i am looking for a specific Case law in this regard.
CA Navin Jain
(Expert)
19 October 2012
yes, you can set off it.
Message likes :
1 times
CA Govind Sokhi
(Querist)
19 October 2012
Sir ,can u please refer me a case law related to such treatment.i will be much grateful
CA Govind Sokhi
(Querist)
19 October 2012
Or if its not possible to look for a sepecific case law, if there is any specific release from IT in this respect ,i would appreciate if u forward me that.
CA Pooja Agarwal
(Expert)
19 October 2012
pls refer section 74 of the income tax act
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- LLP audit and disclosure
- Rent agreement of House of deceased person
- RCM and same line
- TDS Return Statement Status
- ARCA LOGIN
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
