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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2011 can i set off the short term capital loss against the short term profit of sale of Gold and sale of land ????????????????
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CA SIDDHARTH MEHRA

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CA SIDDHARTH MEHRA (Expert)
11 February 2011 Unless your short term capital loss is on account of a 'speculative transaction'(as defined u/s 43(5) of the Income Tax Act, 1961) , yes you may.

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