Set off and carry forward
chetan (Ca article) (237 Points)
17 July 2014
Anantha Subramanian
(Student CA IPC / IPCC)
(131 Points)
Replied 17 July 2014
STCL can be adjusted against both LTCG and STCG... adjust first10000(loss) against STCG and remaining 10000(loss) againstr LTCG... then pay tax for remaining LTCG of 40000 @ 20%........
verify with others too before u do