Adjustment of short term capital gain u/s 50
Gaurav Pathak (CA Practice ) (29 Points)
08 March 2016Gaurav Pathak (CA Practice ) (29 Points)
08 March 2016
Rinky Senger
(_)
(205 Points)
Replied 08 March 2016
Yes.
As per section 70 sub-section (2), short term capital loss can be adjusted with either short term or long term capital gain.