Short term losses can be adjusted against Salary Income

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. )   (9017 Points)

30 March 2009  

 

Dear All,

Good News......

 

 

 

 

 

 

In a move that will boost investor sentiments and protect innocent small investors, finance ministry is proposing to allow (as an exception for F.Y. 08-09 only) short term capital losses incurred by investor in share market (A category companies only) against Salary Income. Detail notification can be downloaded from https://www.incometaxindia.gov.in

List of companies for which such short term losses can be adjusted against Salary Income is enclosed.

 

Regards

Amit Daga