Settoff of Long Term GAin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2010
Can we set off long Term Capital Gain on property against the Brought forwards Loss under head long Term Capital Loss (From sale of shares)
22 February 2010
Yes, it can be set-off, provided brought forward capital loss is LONG TERM CAPITAL LOSS (Sec 73).
Regards!!!
Dinesh S. Adhikari
Regards!!!
Dinesh S. Adhikari
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