Short term capital gain
This query is : Resolved
25 February 2008
whether STT paid short term capital loss is used for setoff purpose
25 February 2008
OF COURSE,IF THERE IS SHORT TERM CAPITAL GAIN ON WHICH STT HAD BEEN PAID IT CAN BE SET OFF .
25 February 2008
Section 71(2) allows the loss under any head of income and assessee has income under the head Capital gain (whether short-term or long term, these two can be set off.
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