short term capital loss
This query is : Resolved
19 November 2010
Can you adjust Accumulated loss (over a period of 3 years) by the way of speculative share trading with profit on sale of property (within 6 months of purchase)
19 November 2010
NO ,
BECAUSE PROFIT ON SALE OF PROPERTY WILL BE TREATED AS SHORT TERM CAPITAL GAIN.
BECAUSE PROFIT ON SALE OF PROPERTY WILL BE TREATED AS SHORT TERM CAPITAL GAIN.
19 November 2010
What Yaar
Speculative business is treated as a separate and distinguish business. Any speculative loss cannot be set off againt other business income or other head rather can set off against the speculative profit.
Nothing can be set off against other income
Speculative business is treated as a separate and distinguish business. Any speculative loss cannot be set off againt other business income or other head rather can set off against the speculative profit.
Nothing can be set off against other income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Banking Related Issue
- Average Cost Of High Quality Diamonds
- TDS offline utility
- Due Date Clarity
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Rent claimed on building given on permissive possession basis
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
