Comment on Taxation Simplified
commented on
27 Mar 2014, 05:47 PM
Hi Nithin,
I have got a short term capital loss of 1 lakh as of 27th March. If i sell shares on 31st march with a profit of 1 lakh, will this gain be offset against the loss?.
The doubt is whether we consider the date of selling or date of amount getting credited to your account to calculate the tax for the financial year.