As the amended section 112A taxes Long Term Capital Gain on sale of enquiry shares @ 10% if capital gain exceeds rs.1 lakh, I believe the Long Term Capital Loss on such sale will also be allowed for set off and carry forward now..
ITR 2 Java Utility updated on June 15th is not reflecting the set off or carry forward.
Is the set off allowed ?
Also can it be set off against Long Term Capital Gain on sale of house property ?
kindly help resolve the issue.
thank you
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As the amended section 112A taxes Long Term Capital Gain on sale of enquiry shares @ 10% if capital gain exceeds rs.1 lakh, I believe the Long Term Capital Loss on such sale will also be allowed for set off and carry forward now.. YES ITR 2 Java Utility updated on June 15th is not reflecting the set off or carry forward. Is the set off allowed ? YES Also can it be set off against Long Term Capital Gain on sale of house property ? YES |
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