Set off of speculative loss

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46 Points Posted on 29 June 2021
can we set off our speculative loss with short term capital gains
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On 29 June 2021 at 15:01 Report
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Yes, you can generally set off speculative losses against short-term capital gains, provided both arise from similar activities such as share trading. This allows for a reduction in your overall taxable income by offsetting losses against gains of a similar nature. Ensure your business activities align with these criteria for successful offsetting.

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My grammar is 💯 good I
7306 Points Posted on 29 June 2021

Yes you can if the gain and loss are of similar nature

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On 29 June 2021 at 15:09
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210 Points Posted on 29 June 2021
Yes , you can set off yours Speculative loss with short term capital gain ( according to your's nature of business...)
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On 29 June 2021 at 15:19
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46 Points Posted on 29 June 2021
The both are from share trading
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On 29 June 2021 at 15:40

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