Long term Capital Gain where STT not Paid
This query is : Resolved
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
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
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.
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.
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.
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.
17 July 2011
U/s 112 it is taxable @ 20 % & the loss can be carried forward
20 July 2011
if it is taxable @20%, what if income from LTCG (STT NOT PAID) AMOUNT LESS THEN RS. 160000/-
20 July 2011
Basic exemption available.
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