Stcg & ltgc on shares
This query is : Resolved
07 March 2012
DEAR SIR,
I WANT TO KNOW THAT SHORT TERM CAPITAL GAIN ON SHARES CAN BE SET OFF AGAINST SPECULATION LOSS ON SHARES?
I WANT TO KNOW THAT SHORT TERM CAPITAL GAIN ON SHARES CAN BE SET OFF AGAINST SPECULATION LOSS ON SHARES?
CA PARAS BAFNA
(Expert)
07 March 2012
No. Against STCG on shares, Speculation loss can not be set off. Speculation Loss can be set off only against speculation profits.
You can C/fd it if you file return on or before due date.
.
You can C/fd it if you file return on or before due date.
.
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