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regarding adjustments

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(Querist)
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
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jignesh

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jignesh (Querist)
10 April 2008 please suggest me as earlier as possible
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Jitender Garg

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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.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
11 April 2008 Yes. Jitender is correct
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