Long term capital loss

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 Dear all,

Kindly provide me the information regarding treatment of Loss arising from the Sale of Long term capital asset (equity shares) with relate to exemption u/s 10(38).

CA Navin Jain

CA Navin Jain (Expert)
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16 July 2012 there is no treatment of the long trem loss arising from sale of the sahre since long term capital gain arising from sale of equity sahre is exempt.

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CA ARIHANT JAIN

CA ARIHANT JAIN (Expert)
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16 July 2012 LTCG ON LISTED SHARE ON TRADING OF THAT STT HAS BEEN CHARGED IS EXEMPTED U/S 10(38) THEREFORE LOSS IN THESE TYPES OF SHARES SHOULD BE IGNORED.

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