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?
16 July 2012
Yes you can set off.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST registration /aadion a new place of business in the same state and city
- Overtime income in salaried person case
- GTA (FCM & RCM) service in same GSTN registration with multiple business segment
- UNUTILISED CAPITAL GAIN FD
- Correction in filed Form 27Q - showing error due to deductee contact number
- Reporting sale value mismatch for share transaction
- Preparation of PL BS and presentation in ITR
- Regarding Trading & Investment in Shares and MF in the context of Income tax return
- Regarding Withdrawal of unused amount in Capital Gain account scheme
- GST OFFICER WRONG NOTICE
- Guidance for proper GST accounting (eway bill with correct valuation) for cut-to-pack job work given
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST ON COTTON TSHIRT EXPORT
- Stamp Duty & Registration Fees on Sale Deed
- GST on Restaurant service
- LTCG - Loss on Equity
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
