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Set-off short-term capital loss

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(Querist)
10 September 2008 Dear Sir,

As an individual, I have incurred a short term capital loss on sale of Equity Shares.
Kindly clarify that the same can be set-off
against other business income? or it will be set-off against only on short-term capital gain.
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Ravikumar.G

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Ravikumar.G (Expert)
25 September 2008 STCL can be set off against STCG/LTCG only.

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