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Business loss set off from STCG

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21 Points Posted on 12 December 2019
whether business loss can be set off from short term capital gain ?
please clear.
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On 12 December 2019 at 16:28 Report
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Chartered Accountant
88 Points Posted on 12 December 2019
Yes Ajay if the loss from business or profession is of same F.Y then you can set of from short term capital gain otherwise you can't. (Taking such loss is from non speculative business).
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On 12 December 2019 at 17:42
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Articled assistant
663 Points Posted on 12 December 2019
Make sure that it is business loss excluding unabsorbed depreciation as unabsorbed depreciation can even be set off from future years any income including STCG also
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On 12 December 2019 at 19:38
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17264 Points Posted on 13 December 2019
Business loss other than speculative business can be set off against any head of income except except income from salary.

This is inter-head set off of same FY.
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On 13 December 2019 at 15:10


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