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
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.
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