banner_ad

Deduction

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 February 2015 Sir,
if an assessee has only short term capital gains whether can he claim deduction under chaper VI -A u/s 80C?
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
21 February 2015 Hi

Deductions under Chapter VI-A are barred for short-term capital gains under Sec. 111A(2), where such short-term capital gains arise on sale of shares or equity oriented investments in mutual funds.

Thanks!!
@VaibhavJ
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
21 February 2015 Refer: https://www.bcasonline.org/articles/artin.asp?518

let us know your source of short term cap gain.

Thanks!!
@VaibhavJ
Profile Image

kalaivani.c

Profile Image

kalaivani.c (Querist)
21 February 2015 Sir,
it is from sale of land
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
21 February 2015 Hi,

Yes you can since it is not covered u/s 111A, check pg 17.

https://www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf

Thanks!!
@VaibhavJ
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details