Set off STCG vs STCL

Tax queries 1028 views 4 replies

If there is Short term Capital loss in shares (111A) can it be set off against normal Short term capital Gains?? and vise versa..

plz justify.

Replies (4)

You can set off STCL on shares u/s 111A with STCG and vice versa it is as per sec 70 for current year loss and as per sec 74 in case of B/f losses

STCL can be set off against ANY Capital Gain... Regards KRISHNA

Yes........STCL can be set off against any Capital gain..........

Yes. STCL u/s 111A can be set off against any Capital gain.


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