Can STCG incurred before 23rd July 2024 be set off against STCL incurred after this date for the FY 2024-25? Logically, it should be possible to set off. I would like to have your expert opinion on this matter.
Hey @Sankar
Yes, STCG incurred before 23rd July can be set off against STCL incurred after 23rd July. As per the IT Act, STCG can be set off against STCL and thus there is no restriction on date.
Thank you.
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