Set off of stcl against ltcg
This query is : Resolved
05 December 2011
I HAVE QUERY REGARDING SET OF STCL AGAINST LTCG.
MY COMPANY HAVE MAKE LONG TERM PROFIT WITHOUT SECURITY TRANSACTION TAX AND INCURRED SHORT TERM LOSS TRADING WITH SECURITY TRANSACTION TAX.
WHETHER SUCH SHORT TERM LOSS CAN BE SET-OFF AGAINST LONG TERM PROFIT
I HAVE QUERY REGARDING SET OF STCL AGAINST LTCG.
MY COMPANY HAVE MAKE LONG TERM PROFIT WITHOUT SECURITY TRANSACTION TAX AND INCURRED SHORT TERM LOSS TRADING WITH SECURITY TRANSACTION TAX.
WHETHER SUCH SHORT TERM LOSS CAN BE SET-OFF AGAINST LONG TERM PROFIT
05 December 2011
yes definately you can set off STCL with LTCG.....stcl can be set off against STCG,LTCG
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05 December 2011
BUT STCL IS WITH SECURITY TRANSACTION TAX AND LTCL IS WITHOUT SECURITY TRANSACTION TAX.
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