Ltcg

Tax queries 464 views 1 replies
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SR ACCOUNTANT
25 Points Joined July 2012

Brought forward loss of LTCG (STTpaid) can be adjusted against current year's non-STT paid LTCG. Is there any  recent judgements.

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On 29 July 2012 at 01:06 Report
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Employed at Cipla Ltd.
2779 Points Joined April 2011
Hello Rupam, Long Term Capital Loss which are subjected to STT are dead loss i.e. they are neither eligible for set off against any other Income u/s 70 nor they can be carried forward and set off u/s74. Such losses have no tax treatment.
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On 29 July 2012 at 11:16


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