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Capital gain set off

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2009 Can short term capital loss on shares adjusted agains long term capital gain on sale of house property.
I know it is allowed but i want any case laws for the same.
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CA. Dhiraj Birla

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CA. Dhiraj Birla (Expert)
08 December 2009 This is allowed as per Sec 71 (3).. There is no case law on the same...

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