set-off short term capotal loss
This query is : Resolved
03 May 2009
can we setoff the short term capital (mutual fund ) for current year business profit . please sugest relating Section .
03 May 2009
No
Sec. 70
Short term capital loss can be set off against any capital gain(short term or long term).
Sec. 70
Short term capital loss can be set off against any capital gain(short term or long term).
04 May 2009
I agree with vishal on this.
04 May 2009
Agree with expert
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