IN NEW PORTAL OF INCOME TAX LTCG/ STCG SCHUDEL IS NOT WORKING PROOPERLY WHAT TO DO? CAN ANY ONE SUGGEST LOW COST SFWARE FR I TAX RETURNFILING?
Ashok Kelkar (B.Com) (143 Points)
08 October 2021IN NEW PORTAL OF INCOME TAX LTCG/ STCG SCHUDEL IS NOT WORKING PROOPERLY WHAT TO DO? CAN ANY ONE SUGGEST LOW COST SFWARE FR I TAX RETURNFILING?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5156 Points)
Replied 08 October 2021
Only a resident individual/HUF can adjust the exemption limit against LTCG. Thus, a non-resident individual and non-resident HUF cannot adjust the exemption limit against LTCG. A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the exemption limit and then the remaining limit (if any) can be adjusted against LTCG.