Capital gains
This query is : Resolved
M. Santhosh kumar
(Querist)
08 March 2011
I have a short term capital loss, can i adjust short term capital loss against interest income under section 71 of the IT act? Please reply ASAP.
08 March 2011
NO, IT CAN BE SET-OFF ONLY AGAINST INCOME UNDER THE HEAD CAPITAL GAINS,i.e, LTCG OR STCG
08 March 2011
agree.. STCL can be set off only against CGs
except LTCG u/s 10(38)
except LTCG u/s 10(38)
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