SEO Sai Gr. Hosp.
211789 Points
Posted on 10 November 2017
NO
Adjustment of STCG against the basic exemption limit
A Resident individual and resident HUF can adjust the exemption limit against STCG covered under section 111A.
Deductions under section 80C to 80U and STCG No deduction under sections 80C to 80U is allowed on short-term capital gains referred to in section 111A. However, such deductions can be claimed from STCG other than covered under section 111A.