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Short term

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(Querist)
02 January 2014 short term profit in shares can be adjusted against brought forward loss in the head of capital gains
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 no short term cannot be used as this is speculation st profit.
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manish

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manish (Querist)
02 January 2014 but in section 43 (5)d defines that there is no speculative transaction in recognized stock exchanges take place wef 01.04.06
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manish

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manish (Querist)
02 January 2014 and i have took delevery in cash market
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 refer sec 71 for set off loss it doesnt allow.
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