CA Navin Jain (MANAGER (FINANCE & ACCOUNTS)) (11768 Points)
28 November 2008
Rajat Kedia ACA CS MCOM
(Assistant Manager)
(613 Points)
Replied 28 November 2008
IF BOTH ARISE IN THE SAME YEAR THEN WE CAN DO SO
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 28 November 2008
Business loss can be set off against the capital gain.
Sandeep
(Chartered Accountant)
(29 Points)
Replied 29 November 2008
Yes, You can set off STCG against business loss in the same year.
CAclubindia
