Setoff of business loss

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 can we setoff business loss(non speculative) with short term capital gain from sale of shares on which STT has been paid(111A)

CS,CA F,Numrologi TusharSampat (Expert)
Follow

25 July 2014 speculative loss can be set off only against speclative income only....

CS,CA F,Numrologi TusharSampat (Expert)
Follow

25 July 2014 speculative loss can be set off only against speclative income only....

Nikhil Kaushik (Expert)
Follow

25 July 2014 yes. non -speculative losses can be set off against short term capital gains.

Nikhil Kaushik (Expert)
Follow

25 July 2014 yes. non -speculative losses can be set off against short term capital gains.

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 can we setoff with short term gains from sale of shares on which STT tax paid.

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 can we setoff with short term gains from sale of shares on which STT tax paid.

Nikhil Kaushik (Expert)
Follow

26 July 2014 yes friend...you can set off business loss against short term capital gains (STT paid)

Nikhil Kaushik (Expert)
Follow

26 July 2014 yes friend...you can set off business loss against short term capital gains (STT paid)

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 thank you very much sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess