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Short term capital
can short term capital loss be set off from bussiness income even if return is filled after due date or not?
Replies (4)
Quick Summary
From where the short term loss arrived at?
From share trading its short term capital loss
If intraday, any loss can be set off with speculative business profits.
If F&O loss, can be set off with any other non speculative business profits.
But if capital loss, can be set off only against any capital gains, but not with business profits.
If intraday, any loss can be set off with speculative business profits.
If F&O loss, can be set off with any other non speculative business profits.
But if capital loss, can be set off only against any capital gains, but not with business profits.
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