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Set-off of STCG
can STCG on. block sale of Assets be set-off against business losses in case of Companies?
Replies (3)
Yes...You can set off Business losses with Capital gains.
So in your case you can set off Business losses with STCG
Is this APPLICABLE for COMPANIES TOO?
There is no separate provisions for company & non company assesses for set off of losses under Income tax Act.
My opinion is that , it is applicable to companies also & you can set off STCG & business loss .
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