If i have long term capital loss on shares or units of equity linked mutual funds against what can i set it off? all the shares are stt paid
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Replies (9)
long term capital loss can be set off only against LTCG(gain)....even if stt is paid..!
i know it can be setoff against long term gain but wich source?
Under Capitan Gains source !
but which source of capital gain shares and mutual funds exempt stt paid. so against wat source can setoff?
Loss from an exempted source can not be set-off from a taxable source. So this loss can not be set-off nor can it be carry forwatd to be set-off in future.
it can not be set off from any income since it is stt paid
What happens if stt is not paid and sold through off market at a loss can the loss be setoff against other sources?
if stt is not paid it can be setoff only against ltcg ( gain ) . it is an exception for inter source & inter head adjustment
| Originally posted by : khishen shet | ||
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What happens if stt is not paid and sold through off market at a loss can the loss be setoff against other sources? |
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if stt is not paid it can be setoff only against ltcg
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