Loss adjustment

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MANAGER (ACCOUNTS)
69 Points Posted on 10 January 2011

Can I set off  short term capital loss against long term capital gain  and which section under income tax act, 1961

 

Thanks in advance

Manoj Kr.Jha

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On 10 January 2011 at 11:33 Report
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Learner
3134 Points Posted on 10 January 2011

 

Short capital gain cab be adjusted againt any capital gain.

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On 10 January 2011 at 12:20
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Practising CA
33428 Points Posted on 15 January 2011

You May refer Section 70(2)

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On 15 January 2011 at 20:30

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