Set-off of STCG
VARUN RANJAN (Student) (231 Points)
09 October 2020
can STCG on. block sale of Assets be set-off against business losses in case of Companies?
3 Replies
Pallavi P
(Job)
(151 Points)
Replied 09 October 2020
Yes...You can set off Business losses with Capital gains.
So in your case you can set off Business losses with STCG
Pallavi P
(Job)
(151 Points)
Replied 09 October 2020
There is no separate provisions for company & non company assesses for set off of losses under Income tax Act.
My opinion is that , it is applicable to companies also & you can set off STCG & business loss .
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