Hello
To offset loss against shares with ltcg on sale of agricultural land should both transaction take place in same fy and is it compulsory for the loss to be booked first before realising the ltcg on land ? Kindly clarify.
Thank you.
1 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 27 February 2023
LTCL and LTCG can be of different years. However it's only when the LTCL booked in an earlier year can be adjusted in future against LTCG.
However, no such sequence required in case of long term capital gain loss of the same year.
However, no such sequence required in case of long term capital gain loss of the same year.
Recent Topics
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
- Eway Bill query for inter state
Related Threads
CAclubindia
