is there any difference between long term capital gain from quoted and unquoted shares, and is it possible to set off short term capital loss from quoted shares from long term capital gain from unquoted shares.?
nikunj khanna (profession) (28 Points)
25 August 2009is there any difference between long term capital gain from quoted and unquoted shares, and is it possible to set off short term capital loss from quoted shares from long term capital gain from unquoted shares.?
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 25 August 2009
IT IS NOT POSSIBLE TO SET OFF SHORT TERM CAPITAL LOSS FROM LONG TERM CAPITAL GAIN.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
