Mr A has a short term capital gain on sale of property of Rs. 20,00,000 in May 2008 and he has given token money for the purchase of property in March 2009 of Rs 3,00,000 and the same is forfieted due non payment of balance amount,.Can Mr A adjust the loss on forfieture of Rs 3,00,000 against the above profits of Rs 20,00,000. |
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