Capital gain
This query is : Resolved
26 November 2013
can we set off short term loss of equity share where stt paid is set off against long term capital gain of gold
26 November 2013
Yes. Current years STCL can be set off against the LTCG of the current year.
Section 70(2).
.
Section 70(2).
.
Message likes :
1 times
26 November 2013
short term loss of equity share is capital assets loss?
26 November 2013
If loss in shares is "termed" by you as short term, it is to be understood as capital loss. Shares held/bought with the intention of investment, are treated as capital asset.
.
In case the loss has been generated by trading in shares (not from day trading), then also it can be set off. Section will be different. Section 71(2) will apply in that case.
.
.
In case the loss has been generated by trading in shares (not from day trading), then also it can be set off. Section will be different. Section 71(2) will apply in that case.
.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
