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Capital Gian

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30 July 2010 Can Long term Capital Gain that is exempt u/s 10 (38) be used for setting of the Long term Capital loss of section 10 (38) of the last year.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 July 2010 If gain is exempt loss cannot be carried forward. So no question of any set off.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
30 July 2010 Exempted Gain cannot be used for setting of Loss. This is for the purpose of avoiding Double Benefit
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