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
Vishaljeet Singh
(( Expert ))
(108 Points)
Replied 14 April 2012
long term capital loss can be set off only against LTCG(gain)....even if stt is paid..!
khishen shet
(ca)
(277 Points)
Replied 14 April 2012
i know it can be setoff against long term gain but wich source?
khishen shet
(ca)
(277 Points)
Replied 14 April 2012
but which source of capital gain shares and mutual funds exempt stt paid. so against wat source can setoff?
MD. RAFI
(Manager Accounts (future CA))
(670 Points)
Replied 16 April 2012
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.
Raman Aggarwal
(Expert)
(363 Points)
Replied 21 April 2012
it can not be set off from any income since it is stt paid
khishen shet
(ca)
(277 Points)
Replied 21 April 2012
What happens if stt is not paid and sold through off market at a loss can the loss be setoff against other sources?
mridul savio Pinto
(articled trainee )
(1477 Points)
Replied 21 April 2012
Raman Aggarwal
(Expert)
(363 Points)
Replied 23 April 2012
| Originally posted by : khishen shet | ||
 |
What happens if stt is not paid and sold through off market at a loss can the loss be setoff against other sources? |
 |
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
