Set off of LTCL (STT) agst LTCG (Without STT)
This query is : Resolved
16 January 2009
If there is a
Long Term Capital Loss on Sale of Eq Shares thro reco. Stock Ex (STT paid)
Rs. 10 lacs &
Long Term Capital Gain on sale of Eq. Shares (STT not paid) Rs. 7 lacs
If other incomes being NIL
what will be the tax incidence precisely?
Long Term Capital Loss on Sale of Eq Shares thro reco. Stock Ex (STT paid)
Rs. 10 lacs &
Long Term Capital Gain on sale of Eq. Shares (STT not paid) Rs. 7 lacs
If other incomes being NIL
what will be the tax incidence precisely?
16 January 2009
LTCG on Eq. Shares (STT not paid) cannot be set off against LTCG on Eq. Shares (STT paid).
Message likes :
1 times
12 February 2009
CANNOT BE SET OFF
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