Hi,
I am salaried professional. I have some pruchased some shares for myself and I am in loss in those shares. If I sell those shares and book the loss will the negative STCG help me reduce my salary income?
Regards
Nilesh
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Setting off STCG with salary income
Replies (3)
No..you can not set off STCL with salary income. STCL can be set off with STCG or LTCG.
Short Term Capital Loss can be set off only against short term capital gains or long term capital gains.
You cannot set off against the salary income
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