Set off of Short term Capital Loss
This query is : Resolved
28 August 2009
If a Salaried person is having Short tem Capital Loss and Long Term capital Gain from Shares (Equities), Is that person required to set off the Short Term Capital Loss against the Long term Capital Gain? Or the short term capital loss can be carried forward and has to be set off against STCG from Shares in the next year?
29 August 2009
Yes STCL setoff against the LTCG.
01 September 2009
agree with chintan
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