capital gain
This query is : Resolved
09 May 2009
under sec74 of income tax act 1961, long term capital loss from shares can be set off against long term capital gain,
if an individual has not paid an stt on shares then wheather long term capital loss from shares will be available for set off against long term capital gain???????
but if an individual has paid the stt then wheather set off will be available or not????????
if an individual has not paid an stt on shares then wheather long term capital loss from shares will be available for set off against long term capital gain???????
but if an individual has paid the stt then wheather set off will be available or not????????
taxindiaconnect
(Expert)
09 May 2009
Yes, section 74 deos not bar such setoff. Alreday answered.
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