Easy Office
LCI Learning

Long term Capital Gain where STT not Paid

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 July 2011 Hello sir,
If some one have gain from Long term capital where STT not paid, what tax rate?

And if LTGL (loss) where STT Not paid, is it set off with any gain? or C/f it to next year?
PLZ. GUID
THANKS
-Hasmukh Patel
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
16 July 2011 tax payable @ 20% on gain.

If loss loss can be set off against other LTCG only except LTCG on which STT has been paid and can be carried forward to 8 years and can be set off against future LTCG.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
16 July 2011
1. In case STT not paid indexation allowed and tax rate is 20%.

LTCL can be set off against any LTCG only.

If there is no LTCG or insufficient LTCG, LTCL can be c/fd.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Mukesh Jain S

Profile Image

CA Mukesh Jain S (Expert)
17 July 2011 U/s 112 it is taxable @ 20 % & the loss can be carried forward
Profile Image

H V Patel

Profile Image

H V Patel (Querist)
20 July 2011 if it is taxable @20%, what if income from LTCG (STT NOT PAID) AMOUNT LESS THEN RS. 160000/-
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
20 July 2011 Basic exemption available.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links