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Set off of short term capital loss on shares

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(Querist)
02 July 2011 Is it compulsary to take set off of Short Term Capital Loss on shares against Long Term Capital Gain on shares even it is exempted under Income Tax Act?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 July 2011 If gain is exempt then there is no need for any set off of loss.
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