Capital Gain

Is the gain long term or short term??

Include long term & short term RS 30000 & RS 70000 respectively

Ltcg on equity shares is exempt US 10(38) and Stcg is taxable @ 15% US 111A. (I am assuming shares were traded on a recognized stock exchange and STT is paid).

yes all share r traded through reognized & stt paid but if there is a loss of RS 15000 in

trading than I can claim deduction from my other income for calculating IT for particular FY

If it is Long term loss then no deduction is available. However if it is a net Short term loss then it can be adjusted against taxable short term/long term capital gain only. Loss from capital gain cannot be adjusted against any other head of income. However if you are unable to set off then file the return on or before due date to claim benefit of carry forward of loss.

thanks Reply is useful while filing it returne