Long Term Loss on Sale of Shares
This query is : Resolved
06 July 2009
I have long term loss on sale of shares and STT is paid thereon.
Can I set-off the loss against any other long term capital gain?
Can I set-off the loss against any other long term capital gain?
06 July 2009
LTCL can be set off against LTCG only for a period of 8 years. So, yes u can set-off the loss against any other long term capital gain.
07 July 2009
No.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
You cannot claim such loss.
Mr.Saurabh's answer needs re-consideration.
07 July 2009
Seems Mr.Nitin's answer is correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
