Hi,
Whether short term derivative loss can be set off against short term capital gain??
1 Replies
Rajni Kant
(Chartered Accountant)
(137 Points)
Replied 22 July 2010
There is no clearity in taxation of derivatives but if one is assumed the derivative profit as STCG then derivative loss can be set off against STCG.
But Income Tax Act is silent about it.
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