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Setoff of loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2013 I SHOULD HAVE TO SETOFF CURRENT YEAR BUSINESS LOSS AGAINST SHORT TERM CAPITAL GAIN U/S 50 OR I CAN SETOFF IT AGAINST LONG TERM CAPITAL GAIN.
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17 June 2013 As per section 71 of income tax act, the currrent year business loss can be set off against any head except salary.

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