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
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