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Deduction from stcg & ltcg

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2015 whether company or firm can claim deduction under chapter VI-A from STCG Or LTCG.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
28 December 2015 No deduction under chapter VI A for LTCG as well as STCG taxable u/s 111A. However, VI A deduction is available for any other STCG which is taxable as per slabs.

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