CAN WE SET-OFF SHORT TERM CAPITAL LOSS FROM LONG TERM CAPITAL GAIN?
AND WHAT ABOUT NON SPECULATION BUSINESS LOSS, AGAINST WHICH INCOME IT CAN BE SET OFF?
REGARDS,
DEVENDRA
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SET OFF AND CARRY FORWARD : DOUBT
Replies (9)
Dear please refer Section 73 and 74 of the act..............................................
Short Term Capital Loss can be set off from Long term Capital Gain.
And,
Speculation Business loss can set off only from Speculation Business Income.
| Originally posted by : NUKUL Garg | ||
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Short Term Capital Loss can be set off from Long term Capital Gain. And, Speculation Business loss can set off only from Speculation Business Income. |
 |
but non speculation business can be set off against any income accept salary ...
if still some loss is remaining we will c/f till 8 yrs ..
1.Short Term Capital Loss can be Set Off Future Long Term Capital Gain for further 8 A.Y. And,
2.Speculation Business loss can Set Off Only Future Speculation Business Income for Further 4 A.Y.
thanks 4 sharing and Best of Luck.
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Short Term Capital Loss can be set off from Long term Capital Gain. but non speculation business can be set off against any income accept salary ... if still some loss is remaining we will c/f till 8 yrs .. |
stcg loss setoff from ltcg but speculation loss setoff only income on speculation bussiness .
| Originally posted by : swapnil | ||
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1.Short Term Capital Loss can be Set Off Future Long Term Capital Gain for further 8 A.Y. And, 2.Speculation Business loss can Set Off Only Future Speculation Business Income for Further 4 A.Y. thanks 4 sharing and Best of Luck. |
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Dear All,
Simply STCL should be setoff Against LTCG
"NOn-speculative Business Loss Can be setoff Against any heads of income other than salary, LTCG, Nd other 30% tax rate of income those r come under the income from other sources."
STCL can be set off against LTCG and speculation business loss can only be set off against speculation business income.
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