Dear ALL,
My client have sold a commercial property for 20 L, origianal cost Rs. 18 L, WDV on date of Sale Rs. 15 L. within 3 years from date of purchase. There is short term capital gain of Rs. 5 Lacs on sale of this property.
Now there is short term capital loss of Rs. 6 Lacs on sale of listed equity shares on which STT paid.
Can i set off the above two items.
Please reply.
CA Rajesh Poddar
you can get set off
against short term capital gain
YES
ST capital loss can be set off against ST cap gain NO PROBLEM INTHAT
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Thane
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