set off
Angad kr kannaujiya (Studant) (169 Points)
23 March 2011
can we set off STCL against LTCG ( tax free income )
thanks in advance
6 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 23 March 2011
yes STCL can be set off with any capital gain...
Shriram Ramachandran
(IPCC Student CWA Inter & Processing officer in GNSA Infotech Ltd)
(492 Points)
Replied 23 March 2011
It can be set off with LTCG But LTCL can not be set off with STCG
Regards
R Shriram
sachin sharma
(article)
(122 Points)
Replied 23 March 2011
Hi Angad,
you can set off STCL with LTCG but you cant set off LTCL with STCG...
Angad kr kannaujiya
(Studant)
(169 Points)
Replied 23 March 2011
but it is ( LTCG IS TAX FREE INCOME )
Vikas Marele
(CA in Service)
(1144 Points)
Replied 23 March 2011
If LTCG is the nature of tax free income, then we cannot take set off STCL from it.
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