SET OFF AND CARRY FORWARD : DOUBT

Dear please refer Section  73 and 74 of the act..............................................

Short Term Capital Loss can be set off from Long term Capital Gain.

And,

Speculation Business loss can set off only from Speculation Business Income.

Originally posted by : NUKUL Garg
	Short Term Capital Loss can be set off from Long term Capital Gain. And, Speculation Business loss can set off only from Speculation Business Income.

but non speculation business can be set off against any income accept salary ...

if still some loss is remaining we will c/f  till 8 yrs ..

1.Short Term Capital Loss can be Set Off Future Long Term Capital Gain for further 8 A.Y. And,

2.Speculation Business loss can Set Off Only Future Speculation Business Income for Further 4 A.Y.

thanks 4 sharing and Best of Luck.

stcg loss setoff from ltcg but speculation loss setoff only income on speculation bussiness .

STCL can be set off against LTCG and speculation business loss can only be set off against speculation business income.