Shoht term Capital loss set-off
This query is : Resolved
26 April 2009
One of our claint was invested in mutual fund due to the economic slowdown there investment rate come down and they have redeem the mutual fund investment , as the results Shortterm capital loss has been areas, now shall we set-off the capital loss for business profit .
27 April 2009
NO any capital loss can be set off agsint only capital gain. I will come with detailed reply by tomorrow.
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