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.
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Set off STCG vs STCL
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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