Loss on Share

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Is it possible to off set the short term capital loss on share with long term gain on capital asset (commercial)??
Replies (2)

yes  section 74 of the income tax act 1961  ,  you can set off short term capital gains  against  long trem capital gains . Loss under the capital  gain can be set-off only aginst  capital  gains and not other heads ,  still loss  remain to adjust  can be carried forward for 8 years  to set -off  in same head .

please  confirm with others also. 

 

ok sir .. thanks
i need more confirmation to go ahead


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