STCG

This query is : Resolved 

15 September 2010 Dear all,
Company having Business loss as well STCG. as i know the CY B.Loss cannot be adjusted against STCG. Can MAT credit available be adjusted against the tax payable on account of STCG ?

Thanks

15 September 2010 Current years non specualtion business loss can be set off against current years STCG.

Mat credit can also be adjusted for paying tax on STCG.


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