long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2009
long term capital loss (without STT) for off market trade after indexing rs. 11,00,000
long term capital gain from market transaction (STT Paid)rs. 10,00,000
Long Term Propery Gain after Indexing Rs. 10,00,000
what happens for tax calculation? and which set off against LTCG from sale of Real Estate property?
long term capital gain from market transaction (STT Paid)rs. 10,00,000
Long Term Propery Gain after Indexing Rs. 10,00,000
what happens for tax calculation? and which set off against LTCG from sale of Real Estate property?
10 December 2009
hi,
Long term capital gain with STT is exempt.
Tax calculation will be as follows: -
LTCG after indexation on property= 1000000
Less:LTCL after index.on on shares=1100000
LTCL to be carried forward to subsequent years if return is filed on or before due date) = Rs.100000/-
Tax payable= NIL
Long term capital gain with STT is exempt.
Tax calculation will be as follows: -
LTCG after indexation on property= 1000000
Less:LTCL after index.on on shares=1100000
LTCL to be carried forward to subsequent years if return is filed on or before due date) = Rs.100000/-
Tax payable= NIL
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2009
thanks
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