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STCG

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(Querist)
15 September 2010 Dear all,
Company having Business loss as well STCG. as i know the CY B.Loss cannot be adjusted against STCG. Can MAT credit available be adjusted against the tax payable on account of STCG ?

Thanks
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2010 Current years non specualtion business loss can be set off against current years STCG.

Mat credit can also be adjusted for paying tax on STCG.

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