SHORT TERM CAPITAL GAIN U/S 50 I.E ON DEPRECIABLE ASSETS - WHETHER IS ELIGIBLE FOR SET OFF AGAINST LONG TERM CAPITAL LOSS OR VICE VERSA..??
Bhushan Jaju (Student) (970 Points)
23 November 2012SHORT TERM CAPITAL GAIN U/S 50 I.E ON DEPRECIABLE ASSETS - WHETHER IS ELIGIBLE FOR SET OFF AGAINST LONG TERM CAPITAL LOSS OR VICE VERSA..??
CA Manish
(Job)
(5264 Points)
Replied 23 November 2012
Long term capital loss cannot be set off agains short term gain.