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short term capital loss

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19 November 2010 Can you adjust Accumulated loss (over a period of 3 years) by the way of speculative share trading with profit on sale of property (within 6 months of purchase)

19 November 2010 NO ,
BECAUSE PROFIT ON SALE OF PROPERTY WILL BE TREATED AS SHORT TERM CAPITAL GAIN.

19 November 2010 What Yaar

Speculative business is treated as a separate and distinguish business. Any speculative loss cannot be set off againt other business income or other head rather can set off against the speculative profit.

Nothing can be set off against other income




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