set off

can we set off STCL against LTCG ( tax free income ) thanks in advance
Replies (6)

yes STCL can be set off with any capital gain...

It can be set off with LTCG But LTCL can not be set off with STCG

Regards

R Shriram

Hi Angad,

you can set off STCL with LTCG but you cant set off LTCL with STCG...

but it is ( LTCG IS TAX FREE INCOME )

If LTCG is the nature of tax free income, then we cannot take set off STCL from it.

if the LTCG is tax free income , then we cannot set-off by virtue of section 14A....

<< corrections & suggestions welcome >>

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