Can a salaried employee setoff his salary income with share
This query is : Resolved
09 March 2014
Dear Sir/Madam
Kindly let me know whether the Salaried Employee can Set off his losses on shares trade (Delevery trade) with is salary
If yes
Under which section he can setoff
Rgds:-
Zeeshan Ali
Kindly let me know whether the Salaried Employee can Set off his losses on shares trade (Delevery trade) with is salary
If yes
Under which section he can setoff
Rgds:-
Zeeshan Ali
09 March 2014
no..it cannot be set of against salary income. Refer section 71 of the act
10 April 2014
No you cannot set off it under income from salary
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