Setting off stcl against other type of stcg
This query is : Resolved
16 July 2012
hello!
For AY12-13, I have net loss (ST CL under section 111A) in the equity shares category. I also have net positive (ST CG but not under 111A) because I sold some ESOP shares on NASDAQ within few months of vesting.
As I understand it the STCG NOT under 111A would normally be taxed at slab rate. So my question is, can I deduct the equity STCL (under 111A) from the ESOP STCG?
For AY12-13, I have net loss (ST CL under section 111A) in the equity shares category. I also have net positive (ST CG but not under 111A) because I sold some ESOP shares on NASDAQ within few months of vesting.
As I understand it the STCG NOT under 111A would normally be taxed at slab rate. So my question is, can I deduct the equity STCL (under 111A) from the ESOP STCG?
CA PARAS BAFNA
(Expert)
16 July 2012
Yes you can set off.
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