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Short term capital gain

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Querist : Anonymous

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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.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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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