Short term capital loss on shares

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Kartik kapoor (Querist)
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24 July 2008 Dear Sir

Can we carry forward and set off short term capital loss on shares on which STT has been paid .If yes ,against which head of incomes

Best regards

Kartik

9811103922

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 July 2008 Yes, you can carry forward and set off it like any other STCL.

Kartik kapoor

Kartik kapoor (Querist)
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24 July 2008 What is the section for the same

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CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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24 July 2008 U/s 74 of the IT Act

Kartik kapoor

Kartik kapoor (Querist)
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25 July 2008 thanks ,do we have to Pay professional tax for the employee who is posted abroad but salary is transferred to his salary a/c in India.Sate is Tamil Nadu where professional tax is applicable

Regards