STCL vs LTCG
This query is : Resolved
13 April 2010
I have a STCL ( Mutual funds ) Rs.-16,000/-I have a LTCG ( MF & SHARES ) Rs. 75,000/-
Can STCL be set off against LTCG ?
Can STCL be carried forward ?
Can STCL be set off against LTCG ?
Can STCL be carried forward ?
13 April 2010
Short term capital loss r.w.s.94(7) in respect of units of mutual funds or UIT/Securities & 94(8) in respect of units of mutual funds or UTI :
1) can be adjusted against any capital gain in the same year.
2) Can be carry forward and set-off against any capital gain in the subsequent year.
3) Can be carry forward upto 8 years.
1) can be adjusted against any capital gain in the same year.
2) Can be carry forward and set-off against any capital gain in the subsequent year.
3) Can be carry forward upto 8 years.
13 April 2010
AGREE
13 April 2010
Thank u so much for the reply. I have one more query.
A STT of Rs.3094/- was deducted by MF Company. Can a refund be claimed for that? hows it to be treated.?
A STT of Rs.3094/- was deducted by MF Company. Can a refund be claimed for that? hows it to be treated.?
13 April 2010
STT IS NOT ALLOWABLE. YOU CAN NOT DEDUCT STT FROM YOUR INCOME.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- 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
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
