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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- ITR 44AD SECTION
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
