Can we set - off Intraday loss with short term/long term capital gain?
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Set -off of losses
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Quick Summary
No...
No, intraday loss is a speculative business loss and can only be set off against speculative income
Speculative loss can be setoff against only speculative income and not against any other capital gain
Yes POORNIMA YOU ARE ABSOLUTELY CORRECT,
No, intraday loss is a speculative business loss and can only be set off against speculative income.
No, intraday loss is a speculative business loss and can only be set off against speculative income.
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