Capital gain
This query is : Resolved
12 February 2013
LTCG on Listed shares thro Exchange is exempt..
but LTCG on Listed Shares thro Off Market Transaction is taxable..
now ma question is
if Mr.x is having LTCG on sale of Land
can same be setoff with LTCL on listed securites thro Off Market Transaction.witout STT.
but LTCG on Listed Shares thro Off Market Transaction is taxable..
now ma question is
if Mr.x is having LTCG on sale of Land
can same be setoff with LTCL on listed securites thro Off Market Transaction.witout STT.
12 February 2013
theoretically, the set-off should be available.
However, it is possible that AO may consider selling of shares in off-market transaction as a tax evasion device!
However, it is possible that AO may consider selling of shares in off-market transaction as a tax evasion device!
13 February 2013
It should be possible esp. if the off market sale is being made at an arms length price.
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
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
