set off - carry forward
This query is : Open
shubham jain
(Querist)
19 May 2017
can short term capital loss be set off against long term capital gain even if there is short term capital gain?
CA Mohit Kumar
(Expert)
20 May 2017
first set off from STCG then remaining will be from LTCG
shubham jain
(Querist)
20 May 2017
ok sir
,
but where it has written in act.
there is written that STCL can be set off against LTCG OR STCG.
is it there in Rules or interpretation?
CA Mohit Kumar
(Expert)
20 May 2017
. Before making inter-head adjustment, the taxpayer has to first make intra-head adjustment , see conditions of inter head then you will know immediately...
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