Setoff of losses
This query is : Resolved
jay prakash heerwal
(Querist)
12 August 2013
Sir
Please let me know..
Can losses under the head PGBP be setoff against Short-Term Capital Gain arises from trading of Listed Security. The assessee is a private limited company.
Please reply. This is very urgent.
Please let me know..
Can losses under the head PGBP be setoff against Short-Term Capital Gain arises from trading of Listed Security. The assessee is a private limited company.
Please reply. This is very urgent.
12 August 2013
If it is not carried forward loss, it can be set off against short term gain of listed securities.
jay prakash heerwal
(Querist)
12 August 2013
Thanks Tarannum..
CMA Ramesh Krishnan
(Expert)
25 August 2013
Yes. it can be set off if the current year loss
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