short term capital loss
prasad (government employee) (225 Points)
19 July 2018prasad (government employee) (225 Points)
19 July 2018
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 19 July 2018
In normal cases short term capital loss can be set off against long term capital gain.
But here LTCG is exempt under section 10(38) so u cannot set off STC loss against this because there is no taxable LTCG.
prasad
(government employee)
(225 Points)
Replied 19 July 2018
rama krishnan
(12244 Points)
Replied 19 July 2018
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)