SET OFF OF SHORT TERM LOSS

Share
Share This Thread
  1. DINESHKUMAR_2014

    DINESHKUMAR_2014 New Member

    Dear all

    A client incurs short term loss on sale of shares. He has earned gain on sale of non agricultural land in rural area. Thus he earned short term capital gain. Can loss on shares be set off with capital gain?

    Thanks
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, the short term capital loss on the sale of shares can be set off with short term capital gain on the sale of Non-Agricultural Land.
     
    DINESHKUMAR_2014 likes this.
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Long Term and Short Term - Gains from Equity Investing Income Tax Feb 9, 2018
Short Term Capital Gain and Loss Income Tax Feb 7, 2018
Short term capital gain on shares Income Tax Feb 2, 2018
Calculating Tax for Short Term from Stock market. Income Tax Dec 14, 2017
Equity trading(Short&long term), F&O trading Income Tax Jul 7, 2017