A person is having a business income of 25lakhs and having a loss of 10 lakhs in long term capital gains(shares)-can it be set off with business income and pay tax for 15 lakhs?
BTST trades considered as speculative/Non speculative?
BTST trades comes under short term capital gains(holding over night position)?
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Capital gain Tax
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If it is long term capital loss by transaction of shares with STT paid.......... it cannot be adjusted against any income.......
BTST calls are speculative.
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