Easy Office
LCI Learning

Set off St losses against LT gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 July 2009 Is it compulsory to adjust ST loss (STT paid) against LT gains on Shares (STT Paid)? (section 70)
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
24 July 2009 STC loss will not be set off against LTCG on which STT has been paid as gain is exempt and not considered as income.
So STC loss will be carried forward.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links