banner_ad

Set off & Carry Forward of Losses.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 July 2009 Can Short Term Capital Gain be set off against Business Loss? If yes, mention the enactment date
of coming into effect.
Profile Image

vinod kumar lalwani

Profile Image

vinod kumar lalwani (Expert)
10 July 2009 section 71 says loss under any head can be set off from income of any other head with exception that loss of capital gain can not be set off from any other head.
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
10 July 2009 Thus STCG can be set off agsint business loss of the current year.
Profile Image

NITIN

Profile Image

NITIN (Expert)
10 July 2009 Yes business loss can be set up against short term capital gain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details