18 April 2012
can basic exemption limit be availed from any long term cap.gain, if the person has no other source of income???? my teacher told it cant be.....but d practice manual says it can... plsssssssss help urgently!!!!!
18 April 2012
In case of individual and HUF where the income is below the basic exempted limit the shortage in basic exemption limit is adjusted against the long term capital gains.
CAclubindia
