Dear Friends-
Please Brief on applicability of Tax(Income Tax on Individuals) on IPO-
% rate
- Is it possible to adjust the short term capital "LOSS" of previous financial year with the short term capital "GAIN" of the succeeding year !!!!
- in both the sence that of " whether it is income from IPO OR income from investment in SHARES/STOCK "
Thanks in advance-
Dear Rajeev,
Yes, STCL of one year can be setoff with the STCG of next year(s)
The fact that either Loss or Gain was from IPO as against the other investment is not relevant..
ya it can be adjusted
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
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CAclubindia
