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Deduction from capital gain

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(Querist)
01 August 2014 whether 80c deduction is available from capital gain?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 August 2014 Deduction under chapter VIA are not available from:

1) Long Term Capital Gain
2) Short Term capital Gain covered u/s 111A
3) Casual Income like winning from lotteries, Card Games, Horse races etc.
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 NO IT IS NOT AVAILABLE FOR CAPITAL GAIN, HORSE RACE, GAMBLING ETC., SHORT TERM CAPITAL GAIN.




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