short term capital gain
This query is : Resolved
rajni ASHANI
(Querist)
21 July 2009
current year Short term capital gain loss can be adjusted against current year business income
chetan soni
(Expert)
21 July 2009
No short term capital loss can only be set off against short capital gains as per the provisions of sec 74. This loss can not be set off against business income.
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