27 April 2018
WHEN THE MAT APPLICABLE AND TAX CALCULATE AS PER BOOK PROFIT @18.50%. BUT THE SHORT TERM CAPITAL LOSS (SHARES & MF UNIT) 45 LACS AND LONG TERM CAPITAL GAIN (LAND SALES & MF UNITS) 4 CRORES.
MY QUERY IS SHORT TERM CAPITAL LOSS SET OFF WITH LONG TERM CAPITAL GAIN. BUT SHORT TERM CAPITAL LOSS 45 LACS CAN BE CARRIED FORWARD FOR FUTURE YEARS.
28 April 2018
you set off short term capital loss with long term capital gain. and remaining will be carried forward for 8 years. but make sure to file return within due date else carry forward benefit will not be available.
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