Short term capital

Jyoti Narang (Kkk) (1204 Points)

11 November 2022

can short term capital loss be set off from bussiness income even if return is filled after due date or not?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180243 Points)
Replied 11 November 2022

From where the short term loss arrived at?

Jyoti Narang (Kkk) (1204 Points)
Replied 11 November 2022

From share trading its short term capital loss

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180243 Points)
Replied 11 November 2022

If intraday, any loss can be set off with speculative business profits.

If F&O loss, can be set off with any other non speculative business profits.

But if capital loss, can be set off only against any capital gains, but not with business profits.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180243 Points)
Replied 11 November 2022

If intraday, any loss can be set off with speculative business profits.

If F&O loss, can be set off with any other non speculative business profits.

But if capital loss, can be set off only against any capital gains, but not with business profits.

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