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Certification Course on Practical Filing of Income Tax Returns
SAVE TAX ON SHORT TERM GAIN
Hi Anu,
Can you elaborate the same.
there is not exemption for short term capital gain tax
You have to pay tax whether it sale of share or House
For example if someone gain Rs. 100 shortterm gain during current year, is any way to waive tax on the same
If there is a house property loss or business loss than the said losses can be set off against the short term capital gain.
can short term capital loss of house property be adjusted against short term capital gain.
can short term capital loss of house property be adjusted against short term capital gain of shares.
Thank you very much!!
Short Term Capital Loss can be set off against any capital gain (whether long term or short term).
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