Short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2011
During FY 10-11 our company having a Short Term Capital Gain (Taxable @15%) of Rs. 2,23,531/- . We are having a short term carry forward loss of Rs. 9,34,000/-. Whether current year STCG can adjust against PY Carry Forwards losses.
24 September 2011
Yes you can set off the brought forward short term capital gain loss against the short term capital gain of current year.
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