regarding adjustments
This query is : Resolved
10 April 2008
can u please tell me that can we adjust shortterm loss against long term profits
or can u tell the procedure of adjusting loss & profit in case of shortterm,
longterm & intraday
or can u tell the procedure of adjusting loss & profit in case of shortterm,
longterm & intraday
Jitender Garg
(Expert)
10 April 2008
* Long term capital loss can be set off from long term capital profit only.
* Short term copital loss can be set off from short term or long term capital gain only
*In case of net loss u/h of capital gain which can not be set off then it can be carry forward
* In next yrs long term loss can be set off from long term profit & short term loss from long n short term profit.
* Short term copital loss can be set off from short term or long term capital gain only
*In case of net loss u/h of capital gain which can not be set off then it can be carry forward
* In next yrs long term loss can be set off from long term profit & short term loss from long n short term profit.
11 April 2008
Yes. Jitender is correct
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