Set Off
This query is : Resolved
28 August 2009
I am a Salaried employee having income more than taxable limit. In addition to that I have Income from other sources (bank Interest, FD interest etc) and also long term capital gain and Short Term Capital Loss from Equities (Shares) . Can I carry forward the Short Term Capital Loss in the next year or I am required to set off against Long term Capital Gain?
29 August 2009
set off against LTCG
02 September 2009
stcl from eq. shares can not be set off against ltcg from eq. shares as its exempt, thus u need to carry forward ur stcl.
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