hii
I want to ask whether short term capital loss(other than u/s 111A)can be set off against short term capital gains u/s 111A.
If yes,where it is written and if no,why??
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Set off
Replies (11)
Dear Jyoti,
The Answer to ur question is "Yes"
It is because, no specific restriction is made in section 70 of I T Act.
Regards
Juzer
yes can b set off
yes Short Term Capital Loss can be set off .....
Answered correctly
| Originally posted by :Juzer | ||
| " | Dear Jyoti, The Answer to ur question is "Yes" It is because, no specific restriction is made in section 70 of I T Act. Regards Juzer |
" |
yes, set off carry forward is allowed for short term capitalgain(u/s 111A) and also fromlong term capital gain but not fromother incomes.....
yes can b set off... for further details, read V. K. Singhnia book...
hi friends,is someone taking ihe classes from CA. final audit class from Surbhi Bansal?
hi friends,is someone taking ihe classes of CA. final audit class from Surbhi Bansal
It can b setoff
it can be set-off as nowhere it is mentioned in the restriction against set-off of losses
Yes, it can be set off
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