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.
Menu
Set off STCG vs STCL
Replies (4)
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
STCL can be set off against ANY Capital Gain...
Regards
KRISHNA
Yes........STCL can be set off against any Capital gain..........
Yes. STCL u/s 111A can be set off against any Capital gain.
Recent Topic
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
Related Topics
CAclubindia
