Capital Gain
This query is : Resolved
19 March 2008
In Asst Yr 04-05 i have long Term Capital Gain in Equity Shares after applying 10% without indexation and Long Term Capital Loss in Equity shares at 20% after applying indexation, Now Can L.T.C.L derived after applying indexation can be set-off against the L.T.C.G of without indexation or not - Please quote any case law if any.
19 March 2008
if stt has been paid on the shares sold then no set off is available other wise it can be set off.
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