Hi,
I am salaried professional. I have some pruchased some shares for myself and I am in loss in those shares. If I sell those shares and book the loss will the negative STCG help me reduce my salary income?
Regards
Nilesh
3 Replies
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 13 March 2008
Short Term Capital Loss can be set off only against short term capital gains or long term capital gains.
RAJAGOPALAN
(CHARTERED ACCOUNTANT)
(20 Points)
Replied 13 March 2008
You cannot set off against the salary income
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