Any set-off from long-term cap gain from peoperty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2014 PLEASE CLARIFY,,,,,

IF HAVING...LONG-TERM CAP GAIN.....FROM SALE OF PROPERTY,,,,,

CAN WE TAKE ANY SET-OFF...

FROM LONG TERM LOSS....ON SHARES

FROM SHORT TERM LOSS ON....SHARES

ANY SPECULATION LOSS .....ON SHARES

OR ANY BUSINESS CURRENT / PAST LOSSES IF ANY......

LOOK4U@REDIFFMAIL.COM

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 September 2014 1. no, if the LTCL from shares which are listed and STT is paid on sale

2. STCL can be adjusted against this LTCG.

3. No adjustment against speculative loss.

4. it can be adjusted against business loss