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Short term capital gain sett off with Business Loss

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(Querist)
02 April 2009 Can Short term Capital Gain u/s 111 A sett off with business loss
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CA JAIMIN TRIVEDI

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CA JAIMIN TRIVEDI (Expert)
02 April 2009 Yes, you can set off business loss from Short Term Capital Gain u/s 111A
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Sandeep Diwan

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Sandeep Diwan (Expert)
02 April 2009 Yes business loss can be set off against short term capital gain . But you cannt adjust capital losses against business income.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 April 2009 i support the experts
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Taranjit Singh

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Taranjit Singh (Expert)
02 April 2009 Yes it can be set off
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Taranjit Singh

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Taranjit Singh (Expert)
02 April 2009 But Business loss cannot be set off against salary and accordingly you will need to pay the requisite tax on your salary income and carry forward the business loss to future years and set off such loss against future taxable profits.

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