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?
Menu
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
Recent Topics :
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
Related Topics :
CAclubindia
