Can we set - off Intraday loss with short term/long term capital gain?
4 Replies
CMA Poornima Madhava
(CMA)
(13117 Points)
Replied 24 August 2021
No, intraday loss is a speculative business loss and can only be set off against speculative income
CA Amit Shingala
(PRACTICE)
(164 Points)
Replied 24 August 2021
Speculative loss can be setoff against only speculative income and not against any other capital gain
Chain to Help
(35 Points)
Replied 24 August 2021
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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