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Loss on Share
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
i need more confirmation to go ahead
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