regarding adjustments

This query is : Resolved

jignesh (Querist)
Follow

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

jignesh

jignesh (Querist)
Follow

10 April 2008 please suggest me as earlier as possible

Jitender Garg

Jitender Garg (Expert)
Follow

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.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
Follow

11 April 2008 Yes. Jitender is correct

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rahul Kulkarni

suresh kotte

Shashank S Gore

chandradhass sathish

THOMAS JOHN

Subscribe Now

regarding adjustments

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA