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Can a salaried employee setoff his salary income with share

This query is : Resolved 
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(Querist)
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
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 March 2014 no..it cannot be set of against salary income. Refer section 71 of the act
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Bharath Kumar

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Bharath Kumar (Expert)
10 April 2014 No you cannot set off it under income from salary




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