Dear ALL,
My client have sold a commercial property for 20 L, origianal cost Rs. 18 L, WDV on date of Sale Rs. 15 L. within 3 years from date of purchase. There is short term capital gain of Rs. 5 Lacs on sale of this property.
Now there is short term capital loss of Rs. 6 Lacs on sale of listed equity shares on which STT paid.
Can i set off the above two items.
Please reply.
CA Rajesh Poddar
CAclubindia
