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Setoff of losses

This query is : Resolved 
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(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.
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TKKKKKK

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TKKKKKK (Expert)
12 August 2013 If it is not carried forward loss, it can be set off against short term gain of listed securities.
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jay prakash heerwal

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jay prakash heerwal (Querist)
12 August 2013 Thanks Tarannum..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 August 2013 Yes. it can be set off if the current year loss
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