STCG on Direct Equity

Q & A Forum › Category: Stocks/Shares › STCG on Direct Equity

suman asked 9 years ago

Hi SRjee, Good Evening. I wish to know STCG Tax on direct equity in sell done within 1year. As I know 15% tax on gain if sold within 1 year. My question is if my gain is negative ie. in loss making case can the same applicable to mention in ITR in case of salaried person. I wished to know whether that negative gain is deductible in ITR submission. Best Regards, SP

1 Answers

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Sreekanth Staff answered 9 years ago

Hi dear SP, You can set them off against the Short Term Capital Gains (or) Long Term Capital Gains that you might have made on other capital assets. Kindly go through below article, can be useful to you; http://www.relakhs.com/short-term-capital-losses-stocks-set-off/