Set off from exempt LTCG
This query is : Resolved
04 June 2010
Dear all,
Can we set off STCL (on shares) against exempt LTCG (Sc 10(38))??
Can we set off STCL (on shares) against exempt LTCG (Sc 10(38))??
04 June 2010
Dear kotak,
since stt paid LTCG is exempt u/s 10(38), u cannot setoff against STCL.
However taxable LTCG can be setoff against STCL.
since stt paid LTCG is exempt u/s 10(38), u cannot setoff against STCL.
However taxable LTCG can be setoff against STCL.
07 June 2010
Thank you...
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