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)

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

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

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

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.

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

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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31 July 2014 thank you very much sir


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