Short term capital loss can be set-off as per provisions of Section 74 of the Income tax Act, 1961 from:
A. Short term capital gain
B. Short term capital gain & Long term capital gain
C. Long term capital gain
D. Short term capital gain & profits and gain from business.
Answer:B
Short term capital loss can be set-off as per provisions of Section 74 of the Income tax Act, 1961 from:
A. Short term capital gain B. Short term capital gain & Long term capital gain C. Long term capital gain D. Short term capital gain & profits and gain from business.