28 June 2010
one of our client has set off current year depreciation loss against STCG (taxable @ 15%).
so my query is wheather current year depreciation loss can be sett off against STCH( shares and MF) where business profit is not sufficient to absorb it fully.they have charged it @ 15% on the net amount i.e. after deducting depreciation.
CAclubindia
