Easy Office
LCI Learning

long term capital gains and chapter vi a deductions

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 June 2011 my innterest income is 130000 and long term capital gains is 230000 and lic etc. u/s.80-c 70000 what is tax on the above income is it not to claim u/s.80-c under the above circumentance
Profile Image

Kumar Babu.G

Profile Image

Kumar Babu.G (Expert)
17 June 2011 On Long Term Capital Gains tax also we can claim 80C deduction.
Profile Image

CA Ankit Gulgulia (Jain)

Profile Image

CA Ankit Gulgulia (Jain) (Expert)
17 June 2011 With Due Respect to Experts ,

deduction u/s 80c is not allowed against LTCG u/s112, STCG u/s 111A .

Regards
Ankit Gulgulia
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links