Set off of losses

This query is : Resolved 

29 February 2012 Please suggest me whether Short Term Capital Loss on equity shares with STT can be adjusted with Short Term Capital Gain on Jewellery ?

29 February 2012 In the STCL - STT will not be included.
It can be set off against STCG on Jewellery.

01 March 2012 Ok. Sir you mean to say that if share trading is considered as business activity then STT will be included otherwise under Capital Gain STT will not be included.


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