If in a Company there is a Short Term Capital Gain on sale of Shares of 80,000 (special income is chargeable u/s 111A @ 15%) and a Speculation Loss of Rs. 20,000. Can they be set off with each other in the Current Financial Year as per Income Tax Act. And what will be the Tax Liability of the Company?
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Stcg on sale of shares can be set off with current year loss
Replies (1)
acccording to me, no, speculative business can't be setoff with anything else
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