banner_ad

Short term capital gain sett off with Business Loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 April 2009 Can Short term Capital Gain u/s 111 A sett off with business loss
Profile Image

CA JAIMIN TRIVEDI

Profile Image

CA JAIMIN TRIVEDI (Expert)
02 April 2009 Yes, you can set off business loss from Short Term Capital Gain u/s 111A
Profile Image

Sandeep Diwan

Profile Image

Sandeep Diwan (Expert)
02 April 2009 Yes business loss can be set off against short term capital gain . But you cannt adjust capital losses against business income.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
02 April 2009 i support the experts
Profile Image

Taranjit Singh

Profile Image

Taranjit Singh (Expert)
02 April 2009 Yes it can be set off
Profile Image

Taranjit Singh

Profile Image

Taranjit Singh (Expert)
02 April 2009 But Business loss cannot be set off against salary and accordingly you will need to pay the requisite tax on your salary income and carry forward the business loss to future years and set off such loss against future taxable profits.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details