SAVE TAX ON SHORT TERM GAIN
valji
(Accounts manager-MBA)
(2150 Points)
Replied 13 January 2012
there is not exemption for short term capital gain tax
You have to pay tax whether it sale of share or House
Anu
(sr. accountant)
(41 Points)
Replied 13 January 2012
For example if someone gain Rs. 100 shortterm gain during current year, is any way to waive tax on the same
MD
(AAA)
(117 Points)
Replied 13 January 2012
Hi Anu,
If there is a house property loss or business loss than the said losses can be set off against the short term capital gain.
shweta
(Article)
(23 Points)
Replied 23 January 2012
can short term capital loss of house property be adjusted against short term capital gain.
shweta
(Article)
(23 Points)
Replied 23 January 2012
can short term capital loss of house property be adjusted against short term capital gain of shares.
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 24 January 2012
Short Term Capital Loss can be set off against any capital gain (whether long term or short term).
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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