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Setoff of business loss

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Querist : Anonymous

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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)
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 July 2014 speculative loss can be set off only against speclative income only....
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 July 2014 speculative loss can be set off only against speclative income only....
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. non -speculative losses can be set off against short term capital gains.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. non -speculative losses can be set off against short term capital gains.
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Querist : Anonymous

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

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Querist : Anonymous (Querist)
25 July 2014 can we setoff with short term gains from sale of shares on which STT tax paid.
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Nikhil Kaushik

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

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Nikhil Kaushik (Expert)
26 July 2014 yes friend...you can set off business loss against short term capital gains (STT paid)
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 thank you very much sir
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