Any set-off from long-term cap gain from peoperty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2014
PLEASE CLARIFY,,,,,
IF HAVING...LONG-TERM CAP GAIN.....FROM SALE OF PROPERTY,,,,,
CAN WE TAKE ANY SET-OFF...
FROM LONG TERM LOSS....ON SHARES
FROM SHORT TERM LOSS ON....SHARES
ANY SPECULATION LOSS .....ON SHARES
OR ANY BUSINESS CURRENT / PAST LOSSES IF ANY......
LOOK4U@REDIFFMAIL.COM
IF HAVING...LONG-TERM CAP GAIN.....FROM SALE OF PROPERTY,,,,,
CAN WE TAKE ANY SET-OFF...
FROM LONG TERM LOSS....ON SHARES
FROM SHORT TERM LOSS ON....SHARES
ANY SPECULATION LOSS .....ON SHARES
OR ANY BUSINESS CURRENT / PAST LOSSES IF ANY......
LOOK4U@REDIFFMAIL.COM
Nikhil Kaushik
(Expert)
18 September 2014
1. no, if the LTCL from shares which are listed and STT is paid on sale
2. STCL can be adjusted against this LTCG.
3. No adjustment against speculative loss.
4. it can be adjusted against business loss
2. STCL can be adjusted against this LTCG.
3. No adjustment against speculative loss.
4. it can be adjusted against business loss
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
