capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2009 STCLoss (STT PAID)rs.100000/-
other income rs.180000/-
STCG from Property Rs.150000/-
LTCL from Shares (STT Paid) rs.50000/-
LTCG deom property rs.75000/-
how its calculate?

pls guide about setoff of LTCG,LTCL, STCG, STCL
from Property
from shares (off Market)
from Shares (STT Paid)
thanks

KRISHNA KUMAR R C

KRISHNA KUMAR R C (Expert)
Follow

17 December 2009 LTCL/LTCG on Sale of shares if STT has been paid then it is exempt from Tax, hence it is not available for set-off or carry forward. STCL Loss(STT paid) can be set off against the STCG from Property or LTCG from the Property.