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Setoff of capital losses

New Direct Tax Code 2007 views 4 replies

Dear Members,

Whether the short term capital loss on Quoted shares can be set off with short term capital gain on Unquoted shares?

Waiting for early replies of the members

Thanks in Advance

 

Replies (4)
Yes short term loss can set off against any gain whether short or long term

Yes , Can be set-off.

Refer https://www.exploreincometax.com/Income-tax-Ready-Reckoners/carry-forward-and-set-off-of-losses-in-the-current-year-and-in-subsequent-years 

 

Yes, set off can be made.

YES ,YOU CAN


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