I need to know whether short term capital loss from sale of shares and securities can be set off against long term capl gain from sale of land which is taxable .also whether it can be setoff against gain from redemption of debenture and buyback of shares?
2 Replies
Priyanka
(Chartered accountant)
(371 Points)
Replied 19 December 2009
any short term capital loss can be set off against any taxable long term capital gain.
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