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Setoff Business Loss from STCG

Tax queries 1376 views 4 replies
Can setoff the Business Loss From Short Term Capital Gain arising from sale of fixed assets?
Replies (4)

IF BOTH ARISE IN THE SAME YEAR THEN WE CAN DO SO

Business loss can be set off against the capital gain.

Yes, You can set off STCG against business loss in the same year.

 thats right..


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