Set off of STCG LOsses

If the assessee has got the following income/losses, how the set off is to be done:

Short Term Capital Gain (STT paid)     - Rs. 5 lakhs

Short Term Capital Loss (STT Paid)   - Rs. 6 Lakhs

Short Term Capital Loss (non STT paid)  - Rs. 6 Lakhs

 

Is is allowable if the assessee sets of the entire loss against the normal STCG taxable and pay tax on the balance of capital gain at 15%?

Replies (3)

u can set off capital loss (stt paid) with capital gain (stt paid) and carried forward capital loss rS. 1l (stt paid)

 the assessee can set off the entire loss(stt paid) with stcg....nd carry frward 7 lakhs (1 lakh stt paid nd 6 lakhs stt not paid)......or else set off loss stt not paid nd carry frward loss of stt paid...

 

it is at the option of the assesse whether he wants to set off the loss(stt paid) or stt not paid.........

u can take the set off of any loss against stcg as shown by u and balance should be carreid forward

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