Can I adjust short term capital gain loss current year against salary income in same financial Year.
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Short term capital loss
Replies (8)
No. you can adjust only short term capital gain or long term capital gain against stcl
Hi Rakesh,
you cannot set off any loss against salary income.
Nope, agains salary.. u can avail only HP LOSS
Dear Friend......
STCL cannot be adjusted against salary income.............
It can be adjusted against Any CG......(STCG or LTCG).........
Dear Friend......
Loss under the head "capital gains" cannot be set off against income under any other head of income in the same assessment year. Section 71(3)
no , short term capital loss can not be set off against salary head .
bacause capital gains can not be set off against income under any other head . it can be set off against capital gain of current year .
it is described under section 74 ofincome tax act.................................................
stcl can only be adjusted against STCG OR LTCG
no there is no pronision 4 setoff. pls say thanks by clicking
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