Capital Gian
This query is : Resolved
30 July 2010
Can Long term Capital Gain that is exempt u/s 10 (38) be used for setting of the Long term Capital loss of section 10 (38) of the last year.
Aditya Maheshwari
(Expert)
30 July 2010
If gain is exempt loss cannot be carried forward. So no question of any set off.
CA.ViVeK M ACA
(Expert)
30 July 2010
Exempted Gain cannot be used for setting of Loss. This is for the purpose of avoiding Double Benefit
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