CAPITAL GAIN
This query is : Resolved
28 April 2011
I want to know weather short term capital loss on shares on which STT is deducted is allowed to setoff with SHORT TERM CAPITAL GAIN ON SHARES ON WHICH STT IS NOT DEDUCTED I.E.. ON BUY BACK DURING THE FY-2010-11.
29 April 2011
Yes, loss can be set off U/s 70.
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