Under which group do one need to create in tally for short term capital loss .
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Under which group short term capital loss to be created in tally
Replies (3)
short term capital loss need to be shown in profit & loss account, it will be added back while calculating business profit as per income tax and to be shown in capital gain head in ITR.
thank you it means this has to be accounted in indirect losses
yes that's correct
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