If there is a
Long Term Capital Loss on Sale of Eq Shares thro reco. Stock Ex (STT paid)
Rs. 10 lacs &
Long Term Capital Gain on sale of Eq. Shares (STT not paid) Rs. 7 lacs
If other incomes being NIL
what will be the tax incidence precisely?
Dear Sir!
We are having huge balance in our "VAT CREDIT RECEIVABLE ACCOUNT".
Same time we are having huge liability against our service tax payable account.
Can it be setoff?
Please confirm.
gajendra
gajendrac@solectron.com
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Set off of LTCL (STT) agst LTCG (Without STT)