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Short Term Gain Adjustment

Tax planning 1152 views 4 replies

Is it possible to adjust Short term loss on sale of shares against Short Term profit received from sale of house property

Replies (4)

If it is not a speculation loss then you can adjust

Yes, it can be set-off. Pl refer Sec.70.

Short term loss can be set-off against against any capital gain (Whether long-term or short term and whether from shares or any other capital assets)

Yes.

yes


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