Set off STCG vs STCL

vasudev (ca ) (153 Points)

10 March 2010

If there is Short term Capital loss in shares (111A) can it be set off against normal Short term capital Gains?? and vise versa..

plz justify.

Reply
Follow
Share

4 Replies

Bala (Student) (498 Points)
Replied 10 March 2010

You can set off STCL on shares u/s 111A with STCG and vice versa it is as per sec 70 for current year loss and as per sec 74 in case of B/f losses

KRISHNA PALLAVUR (CA FINAL) (79 Points)
Replied 11 March 2010

STCL can be set off against ANY Capital Gain... Regards KRISHNA

C.Balaji (Learner) (1867 Points)
Replied 11 March 2010

Yes........STCL can be set off against any Capital gain..........

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 11 March 2010

Yes. STCL u/s 111A can be set off against any Capital gain.

Start a New Discussion