STCL u/s 111A

Tax queries 792 views 2 replies

636 Points Joined January 2009

Hi there

Can Short term capital loss under section 111A be set off with income from other sources or income from salaries ?

Replies (2)

Guest

dear santosh

capital gain loss can not be set off against any head of income but u can set off stcl against ltcg but u can not set off against ios or salary.

regards

tarun rustagi

636 Points Joined January 2009

Thank you Tarun for your Quick reply !

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