Short Term Loss


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 December 2009 Can anyone please tell if one can write off short term losses made in stock market against salary income. Thanks in advance.

10 December 2009 Sorry, You cannot adjust the Short term capital loss against Salary Income.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 December 2009 Can we and if yes for how many years one can carry short term losses to write off against short term profit if any. Also against what other income can one write off short term losses. Thanks

10 December 2009 You can carry forward the loss up to 8 years immediately succeeding to the year of loss .and can be set off income under the head capital gain any capital gain (Short term & Long term) but your return of Loss should be filed to income tax with in due date


23 June 2010 Agreed...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details