adjusted total income
This query is : Resolved
pranay paturkar
(Querist)
21 September 2016
Is long term capital gain deductable from adjusted total income?
Amol S Joglekar
(Expert)
21 September 2016
no, not really....
for finding out NORMAL income, long term capital gain is NOT considered
for finding out NORMAL income, long term capital gain is NOT considered
pranay paturkar
(Querist)
21 September 2016
Sorry actual I want to asked, is long term capital gain deductable from total income for finding out adjusted total income
Amol S Joglekar
(Expert)
21 September 2016
adjusted total income = gross total income - long term capital gain - short term capital gain of 10% category-chapter VI A deduction except 80GG - income of foreign company
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pranay paturkar
(Querist)
21 September 2016
Ok, thank you sir
Amol S Joglekar
(Expert)
21 September 2016
you are most welcome.
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