banner_ad

Capital gain set off against pgbp income

Others 404 views 3 replies
Is the same allowed?
Replies (3)
No...Capital loss can be settof against capital gain only
However Reversal can be possible(i.e,PGBP loss can be sett of against Capital Gain)
Capital loss can not be set off against PGBP Income.

However reversal is possible but it's not mandatory. The Assesee has option to set off or not to set off.

1. According to sec 74 loss under the head capital gains will be allowed to be set it off only against income under the same head. 
2. STCL can be set it off against another STCG and LTCG. Whereas LTCL cannot be set it off against STCG. 
3. No, loss under the head capital gains will not be allowed to be set it off against income under the head PGBP. 
Please correct me if the above solution has an alternative view. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details